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Views: 95 DOM: 174 Updated: 10.29.24 Posted: 06.13.24 Status: Active

Summary

Price $18,525,000
Built/Renov 2008
Tenant Dick's Sporting Goods
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 58,938
Lease Start 03-23-2007
#Units 786
Price/SF $314.31
Expiration 09-30-2035
Tenant Type Big Box Retail
NOI $1,296,636
R. Term 10.10
Ownership Fee Simple
Rent/SF $22.00
Increases 0.0%/0/yrs
Pop 5Mi 229,862
Lot/AC 7.23
Options 4/5yrs
AHHI 5Mi $143,635

Lease Highlights

  • Dick’s Sporting Goods has been operating in this location since 2008
  • The tenant has 11+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features .$.50/PSF rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

Dick's Sporting Goods is strategically located on Carl Boyer Drive, with access to a robust daily traffic count of 53,000 vehicles. The property features prominent pylon signage and, as per Placer.ai data, this specific location ranks among the top 7% of all recreational and sporting goods stores in California. Moreover, it is at the primary entrance to Centre Point Village, alongside key...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Dick's Sporting Goods
  • Guarantor:Corp T and Rated
  • Company:DICK'S Sporting Goods Inc.
  • # Units:786
  • Tenant S&P: BBB
  • Moody’s: Baa3
  • Stock: NYSE: DKS

About Tenant

Dick's Sporting Goods, Inc is an American sporting goods retail company. Dick's is America's largest sporting goods retailer, and it is listed on the Fortune 500. Richard "Dick" Stack...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 5,654 109,078 222,583
2024 Total Population : 5,850 111,750 228,417
2024 Employed Civilian Pop : 2,951 56,649 115,203
2024 Total Businesses : 691 4,273 9,359
2024 Average Household Income : $ 141,916 $ 143,185 $ 154,984
2024 Total Consumer Spending : $ 236 M $ 4715 M $ 10430 M
2024 Median Age : 41 40 40
2024 Total Households : 1,939 38,444 78,712
2024 Pop Age 25+: Bachelor's Degree : 1,004 20,084 45,612
2024 Average Home Value : $ 538,994 $ 728,299 $ 792,381
*ESRI data is presented for informational purposes only

Listing Broker

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