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Views: 296 DOM: 25 Updated: 08.27.24 Posted: 08.22.24 Status: Active

Summary

Price $9,500,000
Built/Renov 2014
Tenant Academy Sports + Outdoors
Cap Rate 7.74%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 71,695
Lease Start 04-14-2014
#Units 275
Price/SF $132.51
Expiration 04-30-2032
Tenant Type Sport/Fitness
NOI $734,874
R. Term 7.7
Ownership Fee Simple
Rent/SF $10.25
Increases 0.0%/0/yrs
Pop 5Mi 48,242
Lot/AC 7.45
Options 3/5yrs
AHHI 5Mi $108,214

Lease Highlights

  • Academy Sports + Outdoors has 7+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features $0.50/PSF rental escalations at the start of each option period
  • Corporate guaranteed lease

Location Description

Academy Sports + Outdoors is strategically located on East Main Street, with 19,000 vehicles passing by daily. The property is just feet from its intersection with US-41, which sees 33,000 VPD, and less than 2 miles from the on-ramp to Interstate 75, which has 99,600 VPD. It co-anchors the Cartersville Crossing Shopping Center with Bealls, Party City, and Dollar Tree. Additionally, the site is...

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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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Listing Broker

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