DOTHAN, Ala., Jan. 13, 2014 (GLOBE NEWSWIRE) -- Capital Square Realty Advisors, LLC announced today that an affiliate of the company has purchased a newly constructed, 45,600-square-foot Gander Mountain sporting goods store in Dothan, Ala.
Located at 5105 Montgomery Highway, the Class A building is 100 percent leased by Gander Mountain Company, the nation's largest retail provider of hunting, fishing, camping, marine and outdoor lifestyle products and services. The property includes 229 surface parking spaces and serves a populace of nearly 150,000.
"This property benefits from a long-term, 15-year lease to Gander Mountain on a triple net basis," said Louis Rogers, founder and chief executive officer of Capital Square Realty Advisors.
Yogi Singh, vice president of acquisitions, added, "Gander Mountain is a highly visible national retailer with an excellent corporate reputation. This property is well-positioned for long-term success, given the strong lease structure and key location."
About Capital Square Realty Advisors LLC
Capital Square Realty Advisors, LLC specializes in the creation and management of commercial real estate investment programs for Section 1031 exchange investors and cash (non-1031) investors using the Delaware Statutory Trust structure. Louis J. Rogers, founder and chief executive officer of Capital Square Realty Advisors, has been involved in the creation and management of more than 100 investment offerings totaling over $3 billion, including DST, tenant-in-common, numerous real estate funds, and multiple publicly registered non-traded real estate investment trusts.