4059 Lagniappe Way
Tallahassee, FL 32317
Bass Pro Shops: Tallahassee, FL · Local commercial Bien À vendre

CBRE is pleased to offer for sale the 69,013-square-foot, Outpost-format, Bass Pro Shops situated on 4.41 acres in Tallahassee, FL (MSA population: 396,816). Originally set to expire in 2025, Bass Pro Shops exercised its first of five renewal options early in 2020. Currently, the NNN lease features ±4.2 years of primary term remaining with four remaining 5-year options. Rent increases every 5 years by the lesser of (i) the change in CPI or (ii) 5% (see page 11 for details). Next increase on August 1, 2027, bringing unlevered return up ±36 bps. This Tallahassee Outpost location boasts rent-to-sales under 3%. Store sales have delivered consistent year-over-year growth for four consecutive years, including 13% YOY growth from 2024 to 2025 and 24% total growth since 2021.
Bass Pro Shops is a core anchor of the ±750,000-square-foot Fallschase Village Center, the largest open-air shopping and entertainment destination in Tallahassee, Florida. The center boasts a powerful lineup of major national retail drivers, including Costco, Walmart Supercenter, Boot Barn, and Dollar Tree, alongside entertainment concepts like CMX Cinemas.
Located approximately 4.3 miles northeast of downtown Tallahassee, Bass Pro Shops is positioned with premier visibility and strategic access along Mahan Drive / US-90 (31,500 VPD), a vital commercial artery connecting downtown Tallahassee to the eastern suburbs and Interstate 10. Its proximity to the I-10 interchange (±52,000 VPD) provides direct regional connectivity, capturing a broad consumer base of residents, university students, and regional outdoor enthusiasts throughout Tallahassee, Leon County, and the surrounding Florida Panhandle markets.