Camping World RV SuperCenter
Single Tenant Net Leased
2100 Baltimore Pike, Hanover, PA 17331
Gross Leasable Area:
The Subject Camping World is a top producing recreational vehicle dealership amongst the Camping World chain and comprises 8.46 acres of land combined with a 24,000 square foot retail building which features a variety of outdoor recreation and camping supplies. The Property is leased to Meyer’s RV Centers, LLC, further secured by the irrevocable and unconditional guaranty of FreedomRoads LLC, an indirect yet wholly-owned subsidiary of Camping World Holdings, Inc. (NYSE: CWH). The double-net lease requires minimal Landlord responsibilities and provides the Tenant with three options to renew for a period of five years each, with option period rental adjustments in accordance with the Consumer Price Index.
Camping World: Nation’s Largest RV Dealer
Camping World boasts its dominance of the entire outdoor enthusiast’s lifestyle category, and is the world’s largest supplier of RV parts, supplies and accessories and currently operating across the nation with more than 140 Camping World stores
Hanover, PA has proven itself one of the top grossing stores within the chain (top third of all locations, including amongst larger metros). Store sales have proven nearly twice the national average per square foot, and 2.7x the average RV dealership. This is combined with an extremely low rent/sales ratio.
The lease is secured by FreedomRoads, LLC, an indirect, wholly-owned subsidiary of Camping World Holdings, Inc.
Camping World Holdings, Inc. Market Cap $2.825B
After successfully raising $251M in an initial public offering in October 2016, CWH has continued to gain solid earnings, and being the largest supplier provides Camping World with the greatest opportunity to share continuing growth in the increasingly popular outdoor recreation and RV industry.
Long Term Successful RV Dealership Operations
Operations began in 1996 at this location as the successful Reichart’s Camping Center, having grown from its original location which opened in 1967. Reichart’s was acquired and re-branded to Camping World in 2012.