Bass Pro Shops 1579 Clark Street Rd 95,553 SF Retail Building Auburn, NY 13021 $7,703,703 ($80.62/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Bass Pro Shops Showing Long Term Commitment To Site
- Corporate Guaranty from Outdoor World Inc
- Extremely Strong Historical Sales Performance
EXECUTIVE SUMMARY
NNN Pro is pleased to present the Broker Opinion of Value for a Bass Pro Shops located at 1579 Clark Street Rd, Auburn, NY 13021. The site consists of roughly 95,553 rentable square feet of building space. This Bass Pro Shops is subject to a 15-year Modified Triple Net lease, which commenced 6/10/2004. The current annual rent is $520,000 and has scheduled increases of 10% in 2029.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Department Store
Building Size
95,553 SF
Year Built
2004
Price
$7,703,703
Price Per SF
$80.62
Cap Rate
6.75%
NOI
$520,000
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
2.19 AC
Parking
889 Spaces (9.3 Spaces per 1,000 SF Leased)
Frontage
1,967’ on Eagle Drive
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 052089-115-013-0001-001-000-0000 | Improvements Assessment | $2,956,500 |
| Land Assessment | $243,500 | Total Assessment | $3,200,000 |
