Building Size: ±2,700 SF Property Type: Retail Lease Type: Triple Net (NNN) Roof and Structure: Landlord Responsible Lease Term: 10 Years Term Remaining on Lease: 5.5 Years Increases: Every 5 Years Lot Size: ±0.28 AC
The property consists of an approximately 2,700 square foot free‐standing retail building
located on a .28 acre parcel of land on a major retail thoroughfare. The site is fully occupied by GameStop, Inc. on a ten year NNN lease which expires November 30th, 2020 and includes 1 consecutive five year renewal option. On April 13, 2015, the tenant exercised one of their 5 year options, nearly 6 months prior to the expiration of their primary term. The store sales at this site have been consistently solid and were in excess of $1.4 million in 2014, equating to a 6.83% rent to sales ratio. GameStop is the world’s largest video game retailer with over 6,700 locations worldwide and $9.04 Billion in revenue in 2014. The company has a BB+ credit rating with a stable outlook from Standard & Poors.