Single Tenant Net Lease | Camping World | 14.5 Years
Single Tenant Net Lease | Camping World | 14.5 Years
Newmark Zimmer is pleased to present the unique opportunity to acquire Camping World (“The Property”), a ±42,675-square-foot, brand-new construction, Class A, single tenant experiential asset on ±17 acres located at the northeast corner of Interstate 435 and State Avenue in Kansas City, Kansas. Camping World is located within the 400-acre, $838 million master-planned Homefield Development, and offers immediate access to Interstate-70 and Interstate-435.
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Newmark Zimmer, a full-service commercial real estate company headquartered in Kansas City, provides a range of services including sales and leasing, investment sales, property and facilities management, global corporate services, owner’s representative services for public and private development projects, and public-sector consulting. Its staff boasts an array of experience in design, construction, valuation, finance and legal matters.
Regularly recognized as one of the top brokerage firms in the Midwest region, Newmark Zimmer manages more than 13.5 million square feet of office, medical, industrial and retail property, and serves as corporate real estate advisor for an assortment of local, regional, national and international companies.
For further information, visit nmrkzimmer.com.
- Property Type
- RetailSpecial Purpose
- Deal Type
- Acquisition
- Risk Profile
- CoreCore Plus
- Long-term passive lease with Camping World America's largest retailer of RVs
- Camping World has signed a 15 year lease with four 5-year renewal options providing a stable income stream with contractual CPI increases
- Brand new construction featuring Camping World's state of the art design standards delivered September 2022
- Projected rent to sales ratio less than 1.4%
- Located within a major tourism district attracting over 14 million visitors per year