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Best in Class NNN Asset- Generational Asset Cabela's 130,000 SF 100% Leased 4-Star Retail Building Scarborough, ME 04074 $40,000,000 ($307.69/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term 25 Yr. True NNN Corp. Lease by Cabela’s/Bass Pro Shops - 9+ Yrs. Left with Options
- High-Profile Freeway Visibility along Interstate 95 (259K CPD) - Only Location in Entire State
- Affluent ($139K HHI) Recreation Suburb of Portland - Surrounded by Outdoor Venues/Lakes/Ocean
- Best-in-Class National Brand - North America’s Premier Outdoor & Conservation Company
- Ranked 4th Busiest Store in U.S. (Placer AI 2025) - Strong Corporate Guarantee - 10% Bumps
- Legacy Net Lease Opportunity - Destination Retail Experience - World’s Largest Boat/ATV Manufacturer
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
130,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2008
Price
$40,000,000
Price Per SF
$307.69
Cap Rate
6.50%
NOI
$2,601,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.60
Lot Size
5.00 AC
Zoning
Commercial
Parking
786 Spaces (6.05 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | SCAR-000040R-000000-000005 | Improvements Assessment | $22,379,900 |
| Land Assessment | $5,933,600 | Total Assessment | $28,313,500 |
PROPERTY TAXES
Parcel Number
SCAR-000040R-000000-000005
Land Assessment
$5,933,600
Improvements Assessment
$22,379,900
Total Assessment
$28,313,500
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Best in Class NNN Asset- Generational Asset | Cabela's
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