Property History
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Marketing Description
Mitchell, South Dakota Was Incorporated in 1881 and Named After Milwaukee Banker, Alexander Mitchell, President of the Chicago, Milwaukee, and St. Paul Railroad. According to the 2010 Census, Mitchell Has a Population Just Over 15,000. The City is Well Known for Its Outdoor Recreation and Historical Main Street Area, Which Boasts More Than 100 Unique Shops, Amazing Local Eateries, a Thriving Nightlife, Beautiful Architecture, and Profound History. One of the Top Attractions in This Charming Mid Western Town is the the World’s Only Corn Palace. The Corn Palace is Decorated Annually With Several Murals Made From Thousands of Bushels of Corn, Grains, and Native Grasses. Aside From Serving as a Folk Art Icon, the Building Also is Used as a Basketball Arena and Hosts the Local High School Prom, Trade Shows, Staged Entertainment, and the Shriner’s Circus.
Investment Highlights
- 21.5+ Year Corporate Guaranteed Nnn
- Lease With Increases : This Investment Features a 21.5+ Year Nnn Lease Which Require No Landlord Responsibility. Additionally, This Investment Features Attractive Annual Rent Increases Which Will Provide an Increasing Return Over the Life of the Investment.
- #1 Outdoor Recreation Retailer : Bass Pro Shops/cabela’s Are Known Worldwide for Being the Leader in Outdoor Recreation Equipment. These Companies Completed a $5 Billion Merger in 2017, Which Brought Together These Two Leading Retailers. In 2018, the Combined Company Had Over $6 Billion in Revenue in an Industry Known for Having $63 Billion (Outdoor Industry Association) in Retail Sales Each Year.
- Destination Retail : Bass Pro Shops/cabela’s Locations Are Much More Than Retail Sporting Goods Stores, on Average, Customers Drive ± 60 Miles to Experience the Wide Variety of Attractions and Products These Locations Have to Offer. Each Year the Network of Bass Pro Shops/cabela’s Stores is Visited by ± 200 Million People. Additionally, This Insulates Bass Pro Shops/cabela’s From Internet Competition.
- Top Well-recognized Brand : Bass Pro Shops/cabela’s Has Won Many Awards Based on Their Strong Brand Recognition Among Consumers. The Company Has Been Recognized by the National Retail Federation and Forbes in 2018 Alone.
- Strategic Location in Tax-free State : This Cabela’s Location is Situated Just Off of Interstate 90, Which is a Main Highway Connecting the Great Lakes Region to Seattle. This Route is the Preferred Way to Get to Mount Rushmore, Which Has Over 2.4 Million Visitors Annually. The Closest Bass Pro/cabela’s Location is ~250 Miles Away, Making This Location Highly Strategic. Additionally, Investors Will Benefit From South Dakota’s Tax-free Environment.
- Significant Outdoor Recreation Market : South Dakota Has an Outdoor Recreation Industry of $1.3 Billion. The State is Home to Many State Parks Including the Black Hills, Which Are the Highest Mountains East of the Rockies.altogether, South Dakota’s Fish, Wildlife, and Boating Resources Generate Over $1 Billion in Retail Sales Annually.
- Highly Rated Customer Experience : Bass Pro Shops/cabela’s Stores Are Among the Very Best in America for in-store Customer Experience (Retail Reputation Report). Across Hundreds of Reviews From Google, Facebook, Trip Advisor, and Yelp, This Location Has an Average Rating of 4.1 Out of 5 Stars.
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Contact Information
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Property Details
Contacts
Listing removed on
BY:
Jordan Alleva
•••.•••.8522
••••••.••leva@••••.com
Listing removed on
BY:
Kristen Zueger PRO
•••.•••.8041
•••••••.••eger@••••••••••••••.com
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