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For Sale

Bass Pro Shops

1579 Clark Street Rd,
Auburn, NY 13021

Asset Snapshot

1980
Year Built
2004
Year Renovated
1
Floor Count
1
Building Count
100%
Occupancy

Offering Summary

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

How it Works

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Listing Syndicated From

Buildout
For Sale
$8,400,000
Asking Price