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Views: 258 DOM: 182 Updated: 11.21.24 Posted: 06.04.24 Status: Active

Summary

Price $11,926,000
Built/Renov 2022
Tenant Academy Sports + Outdoors
Cap Rate 6.50%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 63,281
Lease Start 10-03-2022
#Units 275
Price/SF $188.46
Expiration 03-31-2038
Tenant Type Sport/Fitness
NOI $775,192
R. Term 13.4
Ownership Fee Simple
Rent/SF $12.25
Increases 0.0%/3/yrs
Pop 5Mi 135,963
Lot/AC 5.22
Options 3/5yrs
AHHI 5Mi $77,468

Lease Highlights

  • New 2022 construction
  • Academy Sports + Outdoors has 13+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features $0.50/PSF throughout the initial term and option periods
  • Corporate guaranteed lease

Location Description

Academy Sports + Outdoors is strategically located on Veterans Parkway, with access to 27,500 vehicles passing by daily. The property benefits from nearby access to Interstate 65 (109,000 VPD) and Interstate 265 (65,200 VPD). Additionally, it is situated adjacent to Jeffersonville Town Center, a major community center anchored by Hobby Lobby, Burlington, Petco, and TJ Maxx. Other nearby...

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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
2029 Total Population : 4,139 60,994 140,065
2024 Total Population : 4,043 59,384 136,404
2024 Employed Civilian Pop : 1,952 28,941 65,770
2024 Total Businesses : 423 2,034 6,438
2024 Average Household Income : $ 86,628 $ 79,425 $ 85,448
2024 Total Consumer Spending : $ 140 M $ 1767 M $ 4370 M
2024 Median Age : 47 39 39
2024 Total Households : 1,845 25,185 57,880
2024 Pop Age 25+: Bachelor's Degree : 693 7,140 17,660
2024 Average Home Value : $ 292,138 $ 257,886 $ 260,848
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Charlestown New Albany Road Industrial Pkwy 2021 5,283 0.20 mi
Charlestown New Albany Road Ivanhoe Ave 2021 5,283 0.21 mi
US Hwy 31 E Independence Ct 2018 11,549 0.25 mi
Veterans Pkwy Hwy 31 E 2010 18,600 0.26 mi
Leisure Way 2021 1,180 0.41 mi
Veterans Pkwy 2021 6,034 0.41 mi
Armed Forces Way Hwy 31 E 2021 2,111 0.42 mi
Veterans Pkwy I- 65 2012 22,000 0.43 mi
Armed Forces Way Veterans Pkwy 2021 2,111 0.43 mi
Veterans Pkwy 2021 48,550 0.43 mi

Listing Broker

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