Net Lease West Marine Property Profile and Cap Rates Date September 26, 2020
Net Lease West Marine – Typical Property and Lease Terms
| Price Range: | $4M - $11M |
| Cap Rate: | 6.85% - 7.00% |
| Net Income: | $275,000 - $775,000 |
| Price Per foot: | $365 PSF - $635 PSF |
| Building Size: | 11,000 SF - 25,000 SF |
| Lot Size: | 1 Acre |
| Escalations: | 10% in Year 6 |
| Lease Term: | 10 Years |
| Lease Type: | NN |
| Credit Rating: | NR |
Tenant Company Information:
West Marine is an American company based in Watsonville, California, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future[2] a grant for those who are passionate about preserving and sustaining marine wildlife for future generations. A non profit organization that also works in helping young boaters learn about safety and regulations. West Marine’s largest retail store is based out of Fort Lauderdale, FL. The store is over 50,000 square feet, opened on February 28, 2018
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