Range USA
Single-Tenant Offerings
Range USA
1011 Cross Pointe Place
Evansville, IN
- Price:
- $5,678,000
- Cap Rate:
- 7.00%
- NOI:
- $397,500
- Rentable SQFT:
- 14,933 SF
- Year Built:
- 2023
- Lot Size:
- 2.0 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 20-Year Absolute NNN Lease with 5% Rental Increases Every 5 Years
- Strong Corporate Guaranty, 45+ Locations in 12 States and Expanding
- World’s Largest Indoor Gun Range Operator and Industry Leader in Firearm Sales, Training, and Education
- 2022 Gun Sales Were 3rd Highest Since Records Began, 20% Higher than 2019
- Firearm Retailers Classified Nationally as an Essential Business
- Serving Over 241,000 Residents in Rapidly Growing Trade Area
- Surrounded by Several Major Residential, Office, and Retail Developments
- Average Household Income Exceeds $85,000 Within a 1-Mile Radius
- Adjacent to High-Volume Costco, Situated in Southwest Indiana’s Strongest Retail Corridor
- Strategic Location, Competition Void in the Immediate Trade Area
- Highly Visible Along I-69, a Major North/South Artery with Direct Access to Downtown Indianapolis
- New I-69 Ohio River Crossing Bridge Project Connecting Evansville and Henderson, KY is Underway
- Strong Daytime Population, Over 52,000 Employees Within 5 Miles
- Close Proximity to Deaconess Gateway Hospital Campus with 6,500 Employees and Multiple Specialty Hospitals and Medical Office Buildings
- Minutes to the University of Southern Indiana with 10,734 Students and 2,650 Employees
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