Cabela's | 100 Cabela Blvd
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Cabela's 100 Cabela Blvd
130,000 SF 87% Leased 4-Star Retail Building Scarborough, ME 04074 $39,867,188 ($307/SF) 6.40% Cap Rate
Investment Highlights
- Long-Term, 25-Year Absolute Triple Net Lease with Over 9 Years of Term Remaining with 10% Rental Escalations Every Five Years
- Only Cabela’s or Bass Pro Shops in the Entire State of Maine | Ranked in the Top 90th Percentile Nationwide on Placer
- Excellent Visibility and Access From Interstate 95 and Route One | Ideally Located Less Than 9-miles From Downtown Portland, ME
- Continuous Operation Clause | Rare Lease Clause Found in Cabela’s and Bass Pro Leases | Full Corporate Guarantee from Bass Pro Outdoor World
- 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
Executive Summary
The NNN Pro Group is pleased to present the exclusive listing for a Cabela’s at 100 Cabela Boulevard in Scarborough, Maine. The site consists of roughly 130,000 rentable square feet of building space on a 5.00-acre lot that comprises its unit as part of a commercial condominium for the entire Gateway Shoppes development. All roads, parking and access are common elements that are the responsibility of the condominium unit owners, who owe their proportionate share of the property manager’s fee. This Cabela’s is subject to 25-year triple net (NNN) lease with absolutely zero landlord responsibility that commenced May 12, 2008 and has over 9 years remaining on the primary term of the lease. The current net operating income is $2,551,500 and is scheduled to increase 10% every 5 years with the next increase occurring in 2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
130,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$39,867,188
Price Per SF
$307
Cap Rate
6.40%
NOI
$2,551,500
Percent Leased
87%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
42.00 AC
Zoning
Commercial Retail - Haigis Parkway
Parking
1,113 Spaces (8.56 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Monument Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
PAD SITES - For Sale or Ground Lease. * Contact broker for sale and ground lease price Hotel Pad Under Contract
- Retail
- 4,600 SF
- Retail
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| Pad Sites | 2,800-11,950 SF | Retail | Outparcel | Now |
| Retail | 4,600 SF | Retail | Outparcel | Now |
Pad Sites
| Size |
| 2,800-11,950 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
Retail
| Size |
| 4,600 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
Pad Sites
| Size | 2,800-11,950 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
PAD SITES - For Sale or Ground Lease. * Contact broker for sale and ground lease price Hotel Pad Under Contract
PROPERTY TAXES
| Parcel Number | SCAR-000040R-000000-000005 | Improvements Assessment | $22,379,900 |
| Land Assessment | $5,933,600 | Total Assessment | $28,313,500 |
PROPERTY TAXES
Parcel Number
SCAR-000040R-000000-000005
Land Assessment
$5,933,600
Improvements Assessment
$22,379,900
Total Assessment
$28,313,500
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Cabela's | 100 Cabela Blvd
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