Range USA

1011 Cross Pointe Place, Evansville, IN 47715

$5,150,000

Cap Rate 7.72%

$5,482,700

Cap Rate 7.25%

DOM: 312 Updated: 06.14.24 Posted: 08.06.23 Status: Sold 06.14.24

Summary

Price $5,150,000 $5,482,700	Built/Renov 2023	Tenant Range USA
Cap Rate 7.72% 7.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 14,933	Lease Start 06-12-2023	#Units 45
Price/SF $344.87 $367.15	Expiration 06-12-2043	Tenant Type General Retail
NOI $397,500	R. Term 18.1	Ownership Fee Simple
Rent/SF $26.62	Increases 5.0%/5/yrs	Pop 5Mi 113,412
Lot/AC 2.00	Options 3/5yrs/5%	AHHI 5Mi $78,934

Lease Highlights

Brand-new construction 2023
Range USA has 19+ years remaining on its current lease term with 3 (5-year) options to extend
Lease features a 5% increase every 5 years including options
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease by TopCo America, LLC

Location Description

The newly constructed Range USA is strategically located on Cross Pointe Place with visibility from Cross Pointe Boulevard and Robert D Orr Highway (RT 69) which has 28,438 vehicles passing daily. The subject property is located directly next to Costco Wholesale and near Walmart Supercenter, Lowes, Home Depot and other national retailers including Eastland Mall which is just 3 miles away....

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Key Features

New construction
Major thoroughfare
Near major nationals
Highway location
University college close
Strong demographics
Major MSA
Long 20+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Range USA Wikipedia Evansville, Indiana Zip Code 47715 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Range USA
Guarantor:Corporate
Company:TopCo America, LLC
# Units:45
Stock:Private

About Tenant

Range USA, formerly known as Shoot Point Blank, is one of the nation’s leading indoor gun range and retail shops. Their mission is to develop responsible gun owners. They do this by offering...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	2,828	41,968	111,769
2023 Total Population :	2,879	42,266	112,395
2023 Employed Civilian Pop :	1,663	22,105	57,238
2023 Total Businesses :	547	2,504	4,325
2023 Average Household Income :	$ 91,540	$ 83,637	$ 84,526
2023 Total Consumer Spending :	$ 103 M	$ 1397 M	$ 3551 M
2023 Median Age :	32	41	40
2023 Total Households :	1,290	19,201	48,364
2023 Pop Age 25+: Bachelor's Degree :	371	7,264	16,797
2023 Average Home Value :	$ 283,516	$ 221,122	$ 210,293

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Cross Pointe Blvd	Oak Grove Rd	2012	6,208	0.10 mi
I- 164		2018	26,059	0.25 mi
Oak Grove Road	I- 69	2018	6,485	0.36 mi
Oak Grove Road	Enterprise PkDr	2021	6,130	0.40 mi
East Virginia Street	Brooklyn Ave	2018	12,099	0.41 mi
69	E Lloyd Expy	2020	26,543	0.41 mi
I 69	Oak Grove Rd	2021	29,510	0.41 mi
Cross Pointe Blvd	Indiana St	2018	17,331	0.43 mi
Cross Pointe Blvd	Oak Grove Rd	2014	5,085	0.44 mi
E Virginia St	N Burkhardt Rd	2012	10,379	0.53 mi

Listing Broker

Chris Lind

Marcus & Millichap: NLAG

Contact

191 Listings
34034 Views
127 Sold

Mark Ruble

Marcus & Millichap: NLAG

Contact

192 Listings
34145 Views
128 Sold

Chris Lind

Chris Lind specializes in advising the Net Lease Advisory Group’s clients in the acquisition and disposition of net-leased investment properties nationally. Chris is solely committed to single-tenant and multi-tenant net leased assets as well as structuring sale/leasebacks and portfolio sales throughout the United States. Chris has been with Marcus & Millichap since 2007 and his experience includes selling hundreds of properties located throughout the country. Chris prides himself on act

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Mark Ruble

Mark Ruble is the co-founder of the Net Lease Advisory Group and a top producing Agent with Marcus & Millichap. Mark has been with Marcus & Millichap for 19 years (2004) and has received numerous accolades for his superior service and outstanding performance. Mark has successfully closed over 1,840 properties totaling in excess of $5.7 Billion in transaction volume across 46 states. The key to Mark’s success has been his dedication to providing clients with market leading information an

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