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23029073
23029074

100 Cabela Blvd, Scarborough, ME 04074

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
MC
CA CA 00979399
Colliers - Silicon Valley - San Jose, California
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Silicon Valley - San Jose, California
$40,000,000
407 days on market
Updated 51 days ago

Cabela's

Details
APN SCAR: M:R040 L:501 (Commercial Condo)
Property Type Retail
Sub Type Storefront
Square Footage 130,000
Cap Rate 6.5%
NOI $2,601,500
Occupancy 100%
Tenancy Single
Brand/Tenant Cabela's
Lease Type Absolute NNN
Lease Term 26.1
Lease Expiration 05/31/2034
Remaining Term 8
Rent Bumps Yes
Lease Options 2 10-yr options & 1 5-yr option
Broker Co-Op Yes
Year Built 2008
Buildings 1
Acreage 5.000
Zoning Commercial
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/12/2008

Retail | 6.50% CAP | 130,000 SqFt

Marketing description

The Snyder Carlton National Net Lease Team is pleased to offer a rare opportunity to qualified investors to acquire the NNN-leased Cabela’s in Scarborough, ME. Cabela’s, which teamed up with Bass Pro Shops in 2017, operates 200 retail and marine centers and is America’s premier outdoor and conservation company. The long-term NNN lease has over 9 years remaining in the primary term, with over 16 years of successful operations at this location. With 10% rent increases every 5 years, minimal landlord responsibilities, and a corporate guarantee, this asset is ideal for an investor seeking passive cash flows.

The 130,000 SF building on a 5-acre parcel prospers from excellent highway visibility from the Maine Turnpike (I-95), which sees over 259,700 VPD and is only 9 miles from downtown Portland, ME. The subject property is positioned near the recently developed Costco (Maine’s only Costco) and is within 2.8 miles from the state’s largest shopping mall, The Maine Mall (1.2 million-SF super regional mall). Other nearby retailers include Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Target, DICK’S Sporting Goods, Marshalls & HomeGoods, Burlington, HomeGoods, Hannaford Supermarkets, Tractor Supply Co., McDonald’s, Starbucks and more.

This is an excellent opportunity to purchase a NNN-leased outdoors superstore in Maine with a corporate guarantee, strong rent increases, and minimal landlord duties, providing effortless income for years to come.

Investment highlights

  • Long-Term 25 Yr. True NNN Corp. Lease by Cabela’s/Bass Pro Shops - 9+ Yrs. Left with Options

  • Best-in-Class National Brand - North America’s Premier Outdoor & Conservation Company

  • High-Profile Freeway Visibility along Interstate 95 (259K CPD) - Only Location in Entire State

  • Ranked 4th Busiest Store in U.S. (Placer AI 2025 )- Strong Corporate Guarantee - 10% Bumps

  • Affluent ($139K HHI) Recreation Suburb of Portland - Surrounded by Outdoor Venues/Lakes/Ocean

  • Legacy Net Lease Opportunity - Destination Retail Experience - World’s Largest Boat/ATV Manufacturer

Listing Contacts

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
MC
CA CA 00979399
Colliers - Silicon Valley - San Jose, California
Listed by Colliers - Los Angeles - Orange County, California, Colliers - Silicon Valley - San Jose, California

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,601,500.00
$216,791.67/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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