Cabela's
NEW YORK CITY—Net lease broker B+E closed a $324 million sale leaseback for the retailer Bass Pro Shops for 11 of its Cabela's properties. The properties represent more than 1.6-million-square feet as well as an additional 277-acres of land.
The buyer is a Sansome Pacific joint venture. Bass Pro Shops, the seller, merged with Cabela's in 2017 and has been monetizing the real estate from that deal. The sale-leaseback term for this transaction is 25 years.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
