3285 Black Gap Rd
Chambersburg, PA 17202

Gander Mountain | Extended Lease | Chambersburg PA Fortis Net Lease is pleased to present this 31,080 SF Gander Mountain store located in Chambersburg, PA. The property is encumbered with newly extended Five (5) Year NN Lease, leaving limited landlord responsibilities. The lease contains Two (5) Yr. Options to renew, each with a $15,540 rental increase. The lease is corporately guaranteed by Gander Mountain Corporation. Currently the store is open and has been successful since rent commenced on 5/19/2001. This Gander Mountain is highly visible and is strategically positioned in Chambersburg, PA. The five mile population from the site exceeds 43,500 while the one mile median household income exceeds $64,500 per year, making this location ideal for a Gander Mountain. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a passive investor to attain the fee simple ownership of a Gander Mountain. This investment will offer a new owner continued success due to the financial strength and the proven profitability of the tenant, the nation' s top outdoor product retailer. List price reflects a 9.75% cap rate based on NOI of $279,720.