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| Price $10,826,000 | Built/Renov 2016 | Tenant Academy Sports + Outdoors |
| Cap Rate 6.25% | Lease Type
NN+ | Guarantor Corp T and Rated |
| Size/SF
62,960
| Lease Start
11-11-2016
| #Units
269
|
| Price/SF $171.95 | Expiration
11-10-2031
| Tenant Type Sport/Fitness |
| NOI $676,820 | R. Term 6.11 | Ownership Fee Simple |
| Rent/SF
$10.75
| Increases 5.0%/3/yrs | Pop 5Mi 169,885 |
| Lot/AC 6.22 | Options 3/5yrs/5% | AHHI 5Mi $124,357 |
| | |
The subject property is strategically located on Crater Lake Drive, near the intersection of US 41 and Ernest W Barrett Parkway which see a combined 89,000+ vehicles passing by daily. The property benefits from being surrounded by a balanced mix of retail, commercial and residential properties. Neighboring national tenants include Hobby Lobby, PETCO, Arby’s, Popeye’s, KFC and more, creating a...
...High traffic 50M+ VPD
Dense retail corridor
Near major nationals
Highway location
Strong tenant synergy
Top 100 MSA
Strong demographics
Favorable NN+ lease
Traded and rated company
Corporate Guarantee
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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 9,670 | 54,645 | 175,088 |
| 2023 Total Population : | 9,121 | 53,199 | 171,961 |
| 2023 Employed Civilian Pop : | 4,962 | 30,015 | 92,007 |
| 2023 Total Businesses : | 627 | 3,042 | 8,560 |
| 2023 Average Household Income : | $ 111,386 | $ 121,519 | $ 124,334 |
| 2023 Total Consumer Spending : | $ 407 M | $ 2205 M | $ 6992 M |
| 2023 Median Age : | 35 | 35 | 37 |
| 2023 Total Households : | 4,234 | 20,927 | 65,298 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,091 | 11,935 | 39,388 |
| 2023 Average Home Value : | $ 419,617 | $ 402,855 | $ 394,447 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Cobb Pkwy N | Hood Pkwy NW | 2013 | 34,430 | 0.27 mi |
| Cobb Parkway | Vaughan Rd | 2019 | 34,300 | 0.29 mi |
| Cobb Parkway | Vaughan Rd | 2018 | 34,100 | 0.29 mi |
| Old 41 Highway Northwest | Presstman Ln | 2021 | 15,500 | 0.39 mi |
| Old 41 Highway Northwest | Leyland Dr | 2018 | 15,500 | 0.39 mi |
| Old 41 Highway Northwest | Leyland Dr | 2019 | 15,600 | 0.39 mi |
| S Main St | Trees of Kennesaw Pkwy NW | 2013 | 13,690 | 0.43 mi |
| Cobb Pkwy N | Ridenour Blvd | 2013 | 32,190 | 0.43 mi |
| Cobb Parkway North | Ridenour Blvd | 2021 | 34,200 | 0.46 mi |
| Cobb Parkway North | Ridenour Blvd | 2018 | 38,400 | 0.46 mi |
Houston, TX
Cap Rate 7.00%
Lease Abs NNN
R. Term 10.11 yrs
Size/SF 45,000
Longwood, FL
Cap Rate 6.60%
Lease Double NN
R. Term 10.80 yrs
Size/SF 34,000
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
