Listed by Thomas Company
$128,856,975
4 Property Cabela's/Bass Pro Retail Portfolio
Details
Property Type Retail
Sub Type Destination retail
Square Footage 402,454
Cap Rate 6.00%
NOI $7,731,419
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 24.6
Lease Expiration 04/30/2042
Remaining Term 15.8
Rent Bumps Yes
Lease Options 6 x 5 Years
Price per SqFt $320
Buildings 4
Acreage 60.780
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/25/2017
Ground Lease No
Ownership Fee Simple
Retail | 6.00% CAP | 402,454 SqFt
Marketing description
Thomas Company is pleased to offer for sale a four-property portfolio totaling over 400,000 square feet of large-format retail across four states, comprising three Cabela’s locations and one Bass Pro Shops. All properties are fee simple, providing full ownership of land and improvements. The portfolio features established, high-performing stores in strong regional trade areas aligned with long-term outdoor recreation demand. With approximately 16 years of remaining lease term and absolute triple-net structures, the assets offer zero landlord responsibilities and may be acquired individually or as a portfolio.
Investment highlights
- All properties are subject to absolute NNN leases, with tenants responsible for all costs including taxes, insurance, and roof and structure — providing a passive ownership profile and predictable net income stream.
- Properties are located in markets with strong outdoor recreation fundamentals, with proximity to lakes, state parks, and public lands driving consistent consumer demand for outdoor retail.
- Bass Pro Shops and Cabela's are dominant market leaders in outdoor retail, with strong brand recognition and national scale supporting stable, long-term investment performance.
- The portfolio is backed by a corporate guarantee from Bass Pro Group, LLC — with over $7 billion in annual revenue and ~170 U.S. locations, providing investors with a strong and credible layer of financial security.
Listing Contacts
Listed by Thomas Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$7,731,419.00
$644,284.92/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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