Wednesday, December 17, 2014

Flagship Single Tenant Net Leased Golf Galaxy - Castleton Square Mall Outparcel (Indianapolis)

Investment Highlights

Price: $6,827,00 - CAP: 6.65%

  • Long term (10+ year) NNN lease to a best-in-class publicly traded company
  • Brand new flagship retail concept store
  • Free & clear of any existing debt - excellent new debt available
  • Relocation of an existing proven store from an inferior location
  • Low rent per square foot ($12.95/SF per year)
  • Latest prototype featuring 35k SF fungible junior anchor box
  • Pride of ownership single tenant lifestyle property
  • End Cap (corner) building within the Castleton Square Pavilion
  • 4.11 acre parcel with abundant parking
  • Golf Galaxy, LLC is wholly owned by Dick's Sporting Goods, Inc. (NYSE: DKS)

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