Listed by Stirling Properties Baton Rouge, Stirling
$10,204,065
12075 Lamey Brg Rd - Academy Sports + Outdoors NNN Inv. Opp.
Details
APN 1408E-01-001.020
Property Type Retail
Sub Type Storefront, Big Box
Square Footage 70,258
Net Rentable (SqFt) 62,963
Cap Rate 7.25%
NOI $790,815
Occupancy 100%
Tenancy Single
Brand/Tenant Academy Sports + Outdoors
Lease Type NNN
Rent Bumps Yes
Lease Options Five (5-yr) options
Price per SqFt $155
Class A
Year Built 1988
Buildings 1
Stories 1
Acreage 8.180
Investment Type Core
Tenant Credit Corporate Guarantee
Occupancy Date 10/29/2015
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner
Academy Sports+ Outdoors Single-Tenant NNN Investment Opportunity | 7.25% CAP Rate
Marketing description
For Sale
Investment highlights
- Academy Sports + Outdoors has 6+ years of term remaining with five, (5yr) options to renew
- Rental increases of $0.50 per square foot every 5 years during the term and renewal options, increasing NOI and hedging against inflation. The next rent bump is March 1, 2026, which is accounted for in the OM
- Academy is a leading full-time sporting goods and outdoor recreation retailer currently operating over 259 stores across 16 states
- Surrounded by national tenants including Walmart Supercenter, Lowe’s Home Improvement, Target, Best Buy, Kohl's, Walgreens, Chick-fil-A, and many more
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- LL is responsible for structural repairs to the building, including the roof, roof membrane, foundation, load-bearing walls, and any other structural members of the building
- Ideal, low-management investment for a passive investor
Listing Contacts
Listed by Stirling Properties Baton Rouge, Stirling
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$790,815.00
$65,901.25/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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