17+ 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 (88,000+ 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.
