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832 N Westover Boulevard - Gander Mountain, Albany, GA

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832 N Westover Boulevard - Gander Mountain

Albany, GA 31707-1659

Property Type:Retail Sub Type:Storefront Status:Existing Year Built:-
Building Size:45,554 SF Land Area:5.7 AC (248,292 SF)
For Sale Price:$8,976,000 Price/SF:$197.04
Cap Rate:7.00 %
Parking:Free Surface spaces are available; Ratio of 1.35/1,000 SF

Sale Notes:
Stan Johnson Company is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a Gander Mountain retail store located in Albany, Georgia ("Subject Property").

The Subject Property was completed in 2013 as a built-to-suit for Gander Mountain. Annual rent is currently $628,305 with rent increasing ten percent (10%) every five (5) years, with the next increase occurring in December 2018. The lease has approximately 12.5 years remaining on the primary lease term with an expiration of November 30, 2028 and contains four (4) renewal options for a period of five (5) years each with fixed 10% rent escalations in each renewal.

Stan Johnson Company
Scott Briggs
(918) 494-2690

Ken Hedrick
(918) 494-2690

Jerry Hopkins
(918) 494-2690 x536

Andrew Ragsdale
(918) 494-2690

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