Highlights
•Academy Sports + Outdoors lease: Over 6 years remaining with five (5-year) renewal options. •Rental escalations: $0.50 per square foot every 5 years during the term and renewals, boosting NOI and offsetting inflation; next increase scheduled for March 1, 2026 (already factored into the OM). •Tenant profile: Academy is a top sporting goods and outdoor retailer with 259+ stores across 16 states. •Prime retail location: Surrounded by national brands like Walmart Supercenter, Lowe’s, Target, Best Buy, Kohl’s, Walgreens, and Chick-fil-A. •Lease structure: NNN leased, fee simple ownership, with landlord only responsible for structural repairs (roof, roof membrane, foundation, load-bearing walls, and other structural components). •Investment appeal: Low-maintenance, stable opportunity—ideal for passive investors.
Description
Property for Sale
Listing Details
- Cap Rate
7.75%
- Tenancy
Single
- Space Type
retail
- Sub Category
convenience-store
- Date Listed
8/19/2025
- Ownership Info
Fee Simple
- Investment Type
Core
- Net Operating Income
$790,815
- Ground Lease
No
- Net Rentable
62,963 SF
Property Specifics
- Property Name
Academy Sports + Outdoors
- Property Class
A
- No of Buildings
1
- No of Stories
1
- Year Built
2015
- Building Size
70,258 SF
- Lot Size
8.18 AC
- APN
1408E-01-001.020
- Occupancy
100%