Investment Overview
Newmark, as an exclusive advisor, is pleased to present the opportunity to acquire a single-tenant, net leased Bass Pro Shops in Auburn, NY.
Investment Highlights
- Corporate Guaranty from Outdoor World Inc. | Bass Pro Shops is the Largest Outdoor Retailer in North America | ~200 Stores in North America | Only Bass Pro Shop within 85 Miles
- Long-Term Commitment with 15-Year Extension in 2022 | 11.7 Years of Primary Term Remaining | 10.00% Rental Increase in Nov-2029 | 5 (5-Year) & 1 (4-Year) Renewal Options | Passive NN Lease with Minimal Landlord Responsibilities
- Strong Historical Sales Performance (Contact Brokers) | Low Occupancy Costs of $5.02 Rent Per SF & $72 Price Per SF
- Located on Hwy 20 (12,675 VPD) 2.2 Miles West of Downtown Auburn, NY | Directly Across the Street from Fingerlakes Crossing (Home Depot Anchored Center) | 25 Miles to Syracuse (east) & 34 Miles to Ithaca (South)
- Fingerlakes Mall Redevelopment (See OM pg. 4) | Bass Pro Anchor Tenancy