This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Bass Pro Shops | 3+yrs Remain Corp Gross Lse 20000 Bass Pro Dr

136,075 SF 4-Star Retail Building Spanish Fort, AL 36527 £6,112,383 (£45/SF) 7% Net Initial Yield

Investment Highlights

  • Over 3 Years Remaining | 50 Additional Years in Option Periods | Corporate Guaranteed | Well-Known & Established Brand
  • Co-Anchor to Spanish Fort Town Center (461K+ SF) | Nearby Major Shopping Centers | Strong National Tenant Presence
  • Located Along Bass Pro Drive | Centralized Location | Excellent Visibility & Access
  • Modified Gross Lease | Leased Fee Ownership
  • Strong Consumer Draw | High Intrinsic Value | Minimal Competition
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in a freestanding, corporate guaranteed, Bass Pro Shops investment property located in Spanish Fort, AL (Mobile MSA). The tenant, Bass Pro Outdoor World, LLC, has over 3 years of firm term remaining with an additional 10 (5-year) option periods to extend. The tenant is operating on a modified gross lease and is currently paying base rent per their minimum required threshold (see pages 5 & 14 for details). Founded in 1972, Bass Pro Shops is North America’s premier outdoor and conservation company with 200 operating locations.

Property Facts

Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Freestanding
Building Size
136,075 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2008
Price
£6,112,383
Price Per SF
£45
Net Initial Yield
7%
NOI
£427,844
Tenancy
Single
Number of Floors
1
Building FAR
0.20
Land Acres
15.90 AC
Zoning
B-3 - General Business
Parking
760 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
696 ft on Bass Pro Drive

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

Nearby Major Retailers

Crunch
Five Guys
The Fresh Market
Orangetheory Fitness
Longhorn Steakhouse
Waffle House
PNC Bank
Piggly Wiggly
Starbucks
Beef 'O' Brady's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-09-31-0-000-001.001
Land Assessment
£76,125
Improvements Assessment
£899,363
Total Assessment
£975,489
  • Listing ID: 32115657

  • Date on Market: 12/06/2024

  • Last Updated:

  • Address: 20000 Bass Pro Dr, Spanish Fort, AL 36527

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}