EXCLUSIVE – NN Camping World Gander Outdoors

• The Property – Gander Outdoors operates in a +/- 45,770 sf one story building and is sited on +/- 4.9 acres with surface parking to accommodate +/-187 cars. The building was originally constructed in 2000 and received a 15,000 sf in 2005.

• The Location – Immediately off of US 41 (+/-65k VPD, adjoining a Menard’s and a Woodman’s Market) well positioned in a very active retail trade area with solid area demographics.

• The Tenant – The lease is with CWI, Inc, and is corporately guaranteed by CWGS Group, LLC, which is a wholly owned subsidiary of Camping World, Inc (135 stores). The property operates as Gander Outdoors, a wholly owned subsidiary of the publicly traded Camping World (NYSE – CWH / S&P BB+). Camping World has made significant tenant investments in the renovation and upgrades of the store.

• The Lease – This NN leased investment offering provides a new 10 year primary term (exp 3/28) plus three 5 year options; the initial base rent is a very reasonable $255,303 ($5.58 psf) with an increase in the 6th year. Option rent – increase in the first 5 yr option and fair market value for the 2nd and 3rd five year options.

• The Economics – The property is offered at a 6.75% cap rate, which translates to a below replacement cost price of $3,782,267 ($83 psf) and will be delivered free and clear of existing financing.

Additional Information

6.75 Cap rate

Low Rent, Low price PSF ($83)

Sq. Footage: ± 45,770 SF

Units: 1

Lot Size: ± 4.9 Acres

Major Tenants: Camping World, Gander Outdoors

Occupancy: 100%

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