Retail Business for Sale in Kennesaw, GA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Kennesaw, GA 30144

Description

Governors Gun Club is a premier recreational firearm and entertainment venue in the Atlanta MSA. This NNN sale leaseback will be on a 15 year primary term with 5% increases every 5 years with three 5 year options. Located in Atlanta in Kennesaw, GA and less than a mile west of the I-75 interchange at Barrett Parkway, it has a five-mile population of 177,306 with an average household income of $105,852. This dense retail corridor is home to Costco, Home Depot, Walmart, Field & Stream, Whole Foods, Target, as well as a host of auto dealerships like Ford, Chevy, Nissan, Kia, and CarMax. This Class “A” facility can easily draw patrons from the entire metro Atlanta area. In 2017 Governors took the indoor shooting concept to a new level with its facility in Kennesaw, Georgia offering the Nation's first indoor trap and skeet field. This new facility is over 90,009 sq.ft. and over 5 stories tall. Beyond the large retail area, the facility has 32 rifle rated lanes, archery fields, a three station 100 yard high power rifle range, situational firearm training simulator, member lockers, wine lockers, and a large event venue. The event area features a restaurant that seats 300 people and is served by a full- service bar. A second full-service bar is adjacent to a partially covered roof top patio and lounge area. Governors expects to announce future plans and new facilities as they begin to expand into several new markets. Investment Highlights: • New 15 Year NNN Sale Leaseback With Increases In Dense Atlanta Market • 90,009 SF Governors Gun Club Is A Premier Firearm & Entertainment Venue • The Retail Firearm And Hunting Market Does $2.2 Billion More In Annual Revenue Than Golf

Market Context

This retail in Kennesaw, GA is listed for sale. It is offered at an approximate 7.4% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 68 days. Compare it against other retail listings for sale in Kennesaw, GA — <a href="/search/sale/retail/georgia/kennesaw">view the full market</a>.

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