Scarborough Retail for Sale - SW Cumberland County
The Snyder Carlton National Net Lease Team is pleased to offer a rare opportunity to qualified investors to acquire the NNN-leased Cabela’s in Scarborough, ME. Cabela’s, which teamed up with Bass Pro Shops in 2017, operates 200 retail and marine centers and is America’s premier outdoor and conservation company. The long-term NNN lease has over 9 years remaining in the primary term, with over 16 years of successful operations at this location. With 10% rent increases every 5 years, minimal landlord responsibilities, and a corporate guarantee, this asset is ideal for an investor seeking passive cash flows.
The 130,000 SF building on a 5-acre parcel prospers from excellent highway visibility from the Maine Turnpike (I-95), which sees over 259,700 VPD and is only 9 miles from downtown Portland, ME. The subject property is positioned near the recently developed Costco (Maine’s only Costco) and is within 2.8 miles from the state’s largest shopping mall, The Maine Mall (1.2 million-SF super regional mall). Other nearby retailers include Walmart Supercenter, Sam’s Club, Lowe’s Home Improvement, The Home Depot, Target, DICK’S Sporting Goods, Marshalls & HomeGoods, Burlington, HomeGoods, Hannaford Supermarkets, Tractor Supply Co., McDonald’s, Starbucks and more.
This is an excellent opportunity to purchase a NNN-leased outdoors superstore in Maine with a corporate guarantee, strong rent increases, and minimal landlord duties, providing effortless income for years to come.
