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Cabela’s sold the Centerville store at 5500 Cornerstone North Blvd. for $14.3 million, according to Greene County property records. The sale recorded Sept. 29 was to a limited liability company that appears affiliated with Starwood Capital, a real estate investment firm based in Greenwich, Conn.
Its West Chester Twp. store at 7240 Cabela Drive sold for $21.2 million. The sale was also recorded Sept. 29 and was to a limited liability company that appears affiliated with STORE Capital, a real estate investment firm based in Scottsdale, Ariz.
The demand in the Greater Cincinnati area is strong for deals where investment firms buy real estate and lease it back to a single tenant like Cabela's, according to a recent article in RE Journals, an industry publication.
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