Camping World RV SuperCenter

Single Tenant Net Leased

2100 Baltimore Pike, Hanover, PA 17331

$4,350,000

Listing Price

Highlights

Property Details

Offering Price:

Gross Leasable Area:

Cap Rate

Lot Size:

Year Built:

$4,350,000

24,000 sqft

7.16%

8.46 Acres

1996/ 2012

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

High-Performing Location 
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.

 

Corporate Guarantee

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.

Tel: 702-215-7125 | Cell: 702-250-3392

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