Property Listing No Longer Available for Sale

373 East Evergreen Street, Strafford, MO

Retail for Sale - $6,478,733 - 20,592 Sq. Ft. on 0 acres


Property Info

CIMLS#46245
Location
  373 East Evergreen Street
  Strafford MO 65757
UpdatedJune 29th, 2009
TypeRetail
Price$6,478,733
Building20,592 Sq. Ft.
Land0 acres

Property Description

FreedomRoads and Camping World have united in order to provide recreational vehicle customers with the best buying and ownership experience in America. Together they are a dynamic national network of well-established local dealerships and retail parts & accessories stores. They offer the largest selection of quality products supported by expert service and installation at the best value in the RV industry. By uniting shared strengths to its common customers, they will be there to prepare you, protect you and re-stock you for all of your exciting adventures in the RV lifestyle.

FreedomRoads is a dynamic national network of well-established local and regional RV dealerships who have united to benefit our customers, employees, suppliers and the RV industry. FreedomRoads operates 3 distinct business units as a multi-store retail chain engaged in the retail sale, finance and service of recreational vehicles:

An RV Retail Network, an Accessories and Aftermarket Group and an E-Commerce Group. As America's largest RV retailer the company currently operates 53 RV dealer locations and 64 Camping World accessory stores across the United States including; Alabama, Arizona, California, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Michigan, Minnesota, New Hampshire, New Jersey, New Mexico, New York, Nevada, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Washington State. The company has over 350 million dollars in new and used RV inventory representing over 18 brand names, and 40 million dollars of parts and accessories. This level of selection allows us to serve 35,000 unique RV sales customers this year, and over 1,000,000 unique customers at Camping World, representing the largest single RV company in the United States. Additionally, each of our 117 locations provide comprehensive service and parts departments for your convenience during your family's travels.

Camping World is a national specialty retailer of merchandise, accessories and services for RV owners and camping enthusiasts. As America


Financials

Cap Rate: 9.00%

Lease Type: Net, Net. Landlord responsible for roof and structure.

Lease Term: Fifteen (15) year s

Lease Commencement: November, 2007

Lease Renewal Options: Four (4) Five (5) year options at $674,995, $708,745, $744,182 and $781,391

Debt Notes: Current financing terms estimated to be: 65% LTV, 25 year amortization, 6.08% interest with 5 years fixed and 6.45% interest with 10 year fixed. Cash on Cash return ranging from 9.31% to 9.82%.