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Range USA 120 S Country Club Rd 15,000 SF Retail Building Indianapolis, IN 46234 $5,715,405 CAD ($381.03 CAD/SF) 7.15% Cap Rate
Investment Highlights
- Net leased Range USA with nearly 10 years of term remaining
- 10% rental increases every five years, including in the 3, 5-year option periods
- Positioned on a large 4 acre lot with 85 parking spaces
- Range USA is the world’s largest operator of indoor gun ranges
- The most visited gun range within a 15-mile radius, attracting 58.1K annual visitors (Placer.ai)
- Adjacent to Culver’s, Belle Tire, Extended Stay America, Barkefellers, Valvoline, and Omnicare
Executive Summary
This net leased Range USA property was built in 2020 and has over 9 years of lease term remaining. Range USA is the world’s largest operator of indoor shooting ranges, and this location is the most visited gun range within a 15-mile radius, attracting 58,100 annual visitors. The net lease features 3, 5-year renewal options and 10% rental increases every five years, offering minimal landlord responsibilities. The property sits on a 4-acre parcel with 85 parking spaces near the signalized intersection of Country Club Road and U.S. Route 36, which sees 53,094 vehicles per day. The site is located 2.3 miles from Interstate 465, which sees approximately 166,798 vehicles per day. The surrounding retail corridor includes major national retailers such as Target, Menards, Fresh Thyme Market, Best Buy, Lowe’s, and Sam’s Club. The property benefits from a dense and growing trade area with 69,571 residents within three miles and had a 14.21% population growth within five miles from 2010–2020.
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
15,000 SF
Building Class
B
Year Built
2020
Price
$5,715,405 CAD
Price Per SF
$381.03 CAD
Cap Rate
7.15%
NOI
$408,697 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
4.00 AC
Zoning
ZO01 - Commercial
Parking
85 Spaces (5.67 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
-
Lorem Ipsum
-
Jan 0000
Today, Range USA is the largest operator of indoor shooting ranges in the world. At Range USA they are committed to treating you right every time they have the opportunity. The loyalty of their customers and the diligence of their associates have been the keys to their success. Their attitude is different because they have a clear mission – to develop responsible gun owners. They do this by providing a welcoming, mainstream retail experience with modern, safe indoor ranges for their customers of all experience levels.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-12-10-103-005.000-900 | Improvements Assessment | $2,909,360 CAD |
| Land Assessment | $827,063 CAD | Total Assessment | $3,736,422 CAD |
Property Taxes
Parcel Number
49-12-10-103-005.000-900
Land Assessment
$827,063 CAD
Improvements Assessment
$2,909,360 CAD
Total Assessment
$3,736,422 CAD
Contacts
-
Sean Sharko -
Austin Weisenbeck -
Kyle Stengle -
Phoebe Klein -
Sharko | Weisenbeck | Mendoza Group
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Range USA | 120 S Country Club Rd
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