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Bass Pro Shops | 3+yrs Remain Corp Gross Lse 20000 Bass Pro Dr

136,075 SF 4-Star Retail Building Spanish Fort, AL 36527 $7,747,000 ($57/SF) 7% Cap Rate

Investment Highlights

  • Over 3 Years Remaining | 50 Additional Years in Option Periods | Corporate Guaranteed | Well-Known & Established Brand
  • Co-Anchor to Spanish Fort Town Center (461K+ SF) | Nearby Major Shopping Centers | Strong National Tenant Presence
  • Located Along Bass Pro Drive | Centralized Location | Excellent Visibility & Access
  • Modified Gross Lease | Leased Fee Ownership
  • Strong Consumer Draw | High Intrinsic Value | Minimal Competition
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a freestanding, corporate guaranteed, Bass Pro Shops investment property located in Spanish Fort, AL (Mobile MSA). The tenant, Bass Pro Outdoor World, LLC, has over 3 years of firm term remaining with an additional 10 (5-year) option periods to extend. The tenant is operating on a modified gross lease and is currently paying base rent per their minimum required threshold (see pages 5 & 14 for details). Founded in 1972, Bass Pro Shops is North America’s premier outdoor and conservation company with 200 operating locations.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
136,075 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
$7,747,000
Price Per SF
$57
Cap Rate
7%
NOI
$542,261
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Land Acres
15.90 AC
Zoning
B-3 - General Business
Parking
760 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
696 FT on Bass Pro Drive

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

Nearby Major Retailers

Crunch
Five Guys
The Fresh Market
Orangetheory Fitness
Longhorn Steakhouse
Waffle House
PNC Bank
Piggly Wiggly
Starbucks
Beef 'O' Brady's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-09-31-0-000-001.001
Land Assessment
$96,360
Improvements Assessment
$1,138,420
Total Assessment
$1,234,780
  • Listing ID: 32115657

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 20000 Bass Pro Dr, Spanish Fort, AL 36527

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