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Views: 65 DOM: 202 Updated: 04.22.24 Posted: 10.28.23 Status: Active

Summary

Price $9,600,000
Built/Renov 2013
Tenant Academy Sports + Outdoors
Cap Rate 8.50%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 71,927
Lease Start 09-27-2013
#Units 269
Price/SF $133.47
Expiration 01-31-2029
Tenant Type Sport/Fitness
NOI $816,371
R. Term 4.8
Ownership Fee Simple
Rent/SF $11.35
Increases 10.0%/5/yrs
Pop 5Mi 229,678
Lot/AC 6.75
Options 3/5yrs/5%
AHHI 5Mi $134,111

Lease Highlights

  • Academy Sports & Outdoors has 4+ years remaining on the current lease term with 3 (5-year) options
  • Lease features 5% rental increase every 5 years throughout the initial term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee by Academy Sports & Outdoors, Inc (NYSE: ASO)

Location Description

Academy Sports and Outdoors is positioned at the intersection of West 135th Street (24,250 VPD) and South Greenwood Street (4,134 VPD), where it is roughly 2 miles east of Interstate 35 (89,300 VPD) and 4 miles west of US-69 (62,042 VPD). The property co-anchors the 460,000+ SF Alden Center along with Walmart Supercenter and Hobby Lobby. The center is further occupied by Genesis Health Clubs,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Academy Sports + Outdoor, Inc. (NYSE: ASO) is a leading full-line sporting goods and outdoor recreation retailer, with its epicenter in the great Houston area. Academy’s product assortment focuses...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 12,217 103,577 234,181
2023 Total Population : 12,076 102,089 229,678
2023 Employed Civilian Pop : 6,711 56,539 126,371
2023 Total Businesses : 304 3,052 9,694
2023 Average Household Income : $ 148,482 $ 130,480 $ 134,111
2023 Total Consumer Spending : $ 576 M $ 4236 M $ 9966 M
2023 Median Age : 36 36 37
2023 Total Households : 4,615 38,231 87,356
2023 Pop Age 25+: Bachelor's Degree : 3,306 24,359 55,288
2023 Average Home Value : $ 386,165 $ 362,324 $ 381,728
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
S Greenwood St W 138th St 2008 3,190 0.06 mi
W 138th St S Greenwood St 2008 4,185 0.07 mi
W 138th St Hagan 2008 6,390 0.11 mi
W 138th St S Greenwood St 2008 5,075 0.12 mi
S Greenwood St W 135th St 2015 4,134 0.13 mi
W 135th St S Greenwood St 2015 24,250 0.17 mi
Alden St W 138th St 2008 4,690 0.18 mi
W 138th St Greenwood St 2008 4,598 0.19 mi
W 135th St S Greenwood St 2015 23,157 0.22 mi
S Greenwood St W 134th Pl 2015 4,463 0.23 mi

Listing Broker

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