Cabela's

Scarborough, ME

Key Details

Price:$39,867,188
Cap Rate:6.40%
Annual Rent:$2,551,500
Address:100 Cabela Boulevard, Scarborough, Maine 04074
Property Type:Retail
Lease Type:Triple Net (NNN)

Property Data

Original Lease Term:25 Years
Lease Commencement:5/12/2008
Lease Expiration:5/31/2033
Lease Term Remaining:8.6 Years
Rental Increases:10.00% Every 5 Years
Lot Size:5.00 Acres
Building Size:130,000 SF
Year Built:2008
NNN Pro is pleased to present the exclusive listing for a Cabela's located at 100 Cabela Boulevard, Scarborough, Maine 04074. The site consists of roughly 130000 rentable square feet of building space on an estimated 5-acre parcel of land. This Cabela's is subject to a 25-year Triple Net (NNN) lease, which commenced 5/12/2008. The current annual rent is $2,551,500 and has scheduled increases of 10.00% Every 5 Years.

About the Investment

  • Long-Term, 25-Year Absolute Triple Net Lease with Nearly 10 Years of Term Remaining with 10% Rental Escalations Every Five Years
  • Continuous Operation Clause | Rare Lease Clause Found in Cabela’s and Bass Pro Leases
  • Only Cabela’s or Bass Pro Shops in the Entire State of Maine | Ranked in the Top 90th Percentile Nationwide on Placer | Visitors Travel as Far as 100 Miles to Shop at This Location
  • Excellent Visibility and Access From Interstate 95 and Route One | Ideally Located Less Than 9-miles From Downtown Portland, ME
  • Adjacent To Scarborough Fishing And Game Association, Scarborough Gun Club | Wildlife Management Area (WMA) | Located Less Then 3-miles Away | Massive Greenland’s Used For Hunting, Fishing, And Other Outdoor Activities

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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Anthony D'Ambrosia

adambrosia@nnnpro.com
License: NY: 10401294012
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Josh Kanter

jkanter@nnnpro.com
License: NY: 10401294056

Broker of Record

Brian Brockman

Bang Realty-New England, Inc
License: DB921170
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.