US - Lubbock, TX
A$15,238,000 | 6,548 m²
Jones Lang LaSalle Americas, Inc is pleased to present for sale a single-tenant Range USA in Mishawaka, IN in the South Bend MSA. Comprising an approximately 15,000 square foot brand-new construction indoor shooting range and educational facility on a 3.38-acre site, (the “Property”), the Opportunity offers a large retail site in a dominant retail corridor with outstanding underlying real estate fundamentals. Range USA (“Tenant”), is the largest firearms educator in the world and the nation's largest indoor shooting range operator. Founded in 2012, the Tenant has grown to over 40 locations as the $70.5 Billion firearms industry continues to expand, creating a major need for Range USA’s facilities. Range USA will corporately guaranty a 20-year NNN lease, providing 5% rent increases every 5 years, and 3 x 5-year options after the expiration of the initial term. Located in the South Bend MSA near Notre Dame’s campus, the Property benefits from its location in northern Indiana’s most visited retail corridor, where retailers are thriving with consumers pulled in from a larger 50-mile trade area, supporting outstanding retail fundamentals.
Investors have the exceptional opportunity to invest in high-quality real estate that is critical to an expanding brick & mortar tenant, featuring a corporate guaranteed 20-year lease to a tenant in an industry that has seen 40% sales growth over the past two years.
LONG-TERM 20-YEAR LEASE WITH 5% RENT INCREASES EVERY 5 YEARS
NNN STRUCTURE – NO LANDLORD RESPONSIBILITY
NEW CONSTRUCTION INDOOR SHOOTING RANGE AND EDUCATIONAL FACILITY
2.5 MILES EAST OF UNIVERSITY OF NOTRE DAME’S CAMPUS
THE MOST DOMINANT RETAIL CORRIDOR IN A 50-MILE RADIUS
LARGE 3.38-ACRE SITE WITH AMPLE PARKING IN NORTHERN INDIANA’S DOMINANT RETAIL CORRIDOR
CORPORATE GUARANTY FROM THE LEADING INDOOR GUN RANGE OPERATOR
THE FIREARM INDUSTRY HAS SEEN UNPRECEDENTED GROWTH