# FSX Retail 37, DST

> FSX Retail 37, DST will consist of a single-tenant destination retail property with 17.7 years of lease term remaining.

Source: https://baker1031.com/invest/fsx-retail-37-dst


## Key terms

| Term | Value |
|---|---|
| Status | Open |
| Property type | Retail |
| Sponsor | Four Springs TEN31 Xchange |
| Location | Wisconsin |
| Minimum investment | $100,000 |
| Year-1 projected distribution | 5.40% |
| Average projected distribution | 5.85% |
| Projected hold | 10 yrs |
| Offering size | $48,300,000 |
| Equity raise | $48,300,000 |
| Debt | $0 |
| Loan-to-value | All cash |
| 721 exit | Optional |

## Projected distributions by year

| Year | Projected distribution |
|---|---|
| Year 1 | 5.40% |
| Year 2 | 5.50% |
| Year 3 | 5.60% |
| Year 4 | 5.70% |
| Year 5 | 5.80% |
| Year 6 | 5.90% |
| Year 7 | 6.00% |
| Year 8 | 6.10% |
| Year 9 | 6.20% |
| Year 10 | 6.30% |

## Overview

FSX Retail 37, DST will consist of a single-tenant destination retail property with 17.7 years of lease term remaining. The Property is leased to Cabela’s Wholesale, L.L.C. and guaranteed by Great Outdoors Group, LLC, operating parent of the Bass Pro Shops and Cabela’s brands, and the largest outdoor specialty retailer in North America.

The 1 Cabela Way property is a 152,357-square-foot Cabela’s destination store in Richfield, Wisconsin, one of only two Cabela’s locations in the state. The store opened in 2006 and incorporates signature experiential amenities not found in conventional retail: a fully operational boat shop, an indoor archery test area, a freshwater aquarium, a nature pond, wildlife and taxidermy displays, and an 18,085-square-foot museum area dedicated to hunting, fishing, and conservation. The format is designed to generate regional consumer traffic and repeat visits, differentiating the Property from commodity retail and positioning it as resistant to e-commerce substitution.

Cabela’s Wholesale, L.L.C. occupies the Property, with a parent guaranty by Great Outdoors Group, LLC. Great Outdoors Group is the largest outdoor specialty retailer in North America, operating the Bass Pro Shops and Cabela’s brands across approximately 200 stores and Tracker Marine Centers in the United States and Canada. The enterprise generated approximately $7.6 billion in revenue in fiscal year 2025 and draws more than 200 million annual visitors across its destination-format retail network.

## Offering documents

Available to registered investors:

- Four Springs TEN31 Xchange - FSX Retail 37, DST - Credit Report - Great Outdoors Group (PDF)
- Four Springs TEN31 Xchange - FSX Retail 37, DST - PPM (PDF)
- PPM (PDF)
- Credit Report - Great Outdoors Group (PDF)

Information reflects my offering records as of October 28, 2026 and may have changed. Projected distributions are the sponsor's estimates, are not guaranteed, may change or stop, and may include a return of capital. To request the offering documents, contact hello@baker1031.com or visit https://baker1031.com/invest/fsx-retail-37-dst.

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Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This content is general education, not investment, tax, or legal advice, and is not an offer to buy or sell securities. Offers are made only through the offering documents to eligible investors, generally accredited investors. DST interests are illiquid, distributions are not guaranteed, and you can lose your entire investment.

Contact: Jerry Baker, Baker 1031 Investments · hello@baker1031.com · (415) 965-0552 · https://baker1031.com/contact