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Stable Cash Flow with High Credit Tenant |
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Excellent opportunity to purchase a top-performing Cabela’s ground lease (fee simple) in an infill location of Albuquerque, NM |
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Corporate signature with Cabela’s, arguably America’s favorite outdoor retailer, with 2018 revenue of $10.5 billion dollars |
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In 2017, Cabela’s signed a long-term, twenty (20) year lease (approximately 17 years remaining) and eight (8) five (5) year options to renew with fixed rental increases |
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#1 Outdoor Recreation Retailer |
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Bass Pro Shops/Cabela’s are known worldwide for being the leader in outdoor recreation equipment |
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Strong Income Growth |
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Stable, long term lease with improving cash on cash returns |
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Net Operating Income will have increased by $63,000 (21%) with the first scheduled rental increase in year 11 and the second scheduled rental increase in year 16 of the lease term |
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NNN corporate ground lease – the most passive form of real estate investment for an investor |
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Destination Retail |
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High-performing Cabela’s location – this tenant appeals to the surrounding regional demographics in the trade area and caters to the entire state of New Mexico – this is the only Cabela’s/Bass Pro Shops that operates in New Mexico |
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For More Information, Please Contact: |
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THIS IS A MARKETING COMMUNICATION
© 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk.
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