CAP RATE: 6.75%
BUILDING SIZE: 14,933 Sq Ft
YEAR BUILT: 2022
LOT SIZE: +/- 2.06 Acres
- 18+ Years Remaining on an Absolute Net Lease – The subject property was recently constructed in 2022, when Range USA signed a brand new 20-year lease with increases in rent every 5 years. The lease is absolute net in nature, with zero landlord responsibilities. In addition to the 20-year base lease term, the lease calls for an additional four, five-year option periods.
- Range USA – Largest Firearms Educator in the World – Range USA, formerly known as Shoot Point Blank, is the nation’s leading indoor gun range and retail shop, with a large internet retail presence. Their mission is to develop responsible gun owners by offering firearms education, modern indoor ranges, and extensive inventory of guns for all needs. Range USA is on pace to be the 3rd-largest gun seller in the
nation and is already the largest educator in the world.
- Highly Visible Location along Interstate 12|131,000+ Cars Per Day – Highly visible location at the Millerville Road and Interstate 12 interchange in Baton Rouge, Louisiana. Interstate 12 has more than 131K vehicles per day passing by the Range USA. Strong national retailers Target, Best Buy, Lowe’s, PetSmart, and Chick-fil-A are all within minutes of the Range USA property.
- Dense Population with Over 150,000+ People in 5-Miles – The city of Baton Rouge is the capital of Louisiana and the state’s second-largest city. It has a population of about 228,200 residents and is home to Louisiana State University. The Baton Rouge metro consists of the parishes of Ascension, East Baton Rouge, East Feliciana, Iberville, Livingston, Pointe Coupee, St. Helena, West Baton Rouge, West Feliciana and Hammond. The Mississippi River traverses the region and plays a vital role in the region’s economy.