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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29582915
29582916

1041 Nolan St, Brenham, TX 77833 For Sale

JL
TX 825925
Matthews
Listed by Matthews
$10,200,000
164 days on market
Updated 24 days ago

Academy Sports + Outdoors

Details
Property Type Retail
Sub Type Storefront
Square Footage 63,224
Net Rentable (SqFt) 63,224
Cap Rate 6.78%
NOI $692,303
Occupancy 100%
Tenancy Single
Brand/Tenant Academy Sports + Outdoors
Lease Type NNN
Lease Expiration 03/31/2039
Remaining Term 12.7
Price per SqFt $161
Class A
Year Built 2023
Buildings 1
Stories 1
Zoning B2 Commercial Research and Technology
Parking Spaces 275 spaces
Parking per 1,000 SqFt 4.35
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple

Academy Sports + Outdoors | Freestanding Retail | 63,224 SF | Brenham, TX | 6.78% Cap Rate

Investment highlights

• Long-Term Lease Term – The lease has approximately 12 years remaining on the base term, expiring in 2038, with three, 5-year renewal options.

• Corporate Guarantee – Lease is corporately guaranteed, providing strong credit support for the owner.

• Scheduled Rental Increases – Rent increases of $0.50 PSF occur every five years throughout the base term and option periods.

• Limited Competition – The property is located more than 35 miles from the nearest Academy Sports + Outdoors location.

• NNN Lease Structure – Passive, triple-net lease with minimal landlord responsibilities, offering a low-management investment profile.

• National Credit Tenant – Academy Sports + Outdoors operates over 300 locations across 21 states, with planned expansion into Maryland and Pennsylvania in 2026.

• Recent Construction – Newly constructed in 2023, minimizing nearterm capital expenditures.

Listing Contacts

JL
TX 825925
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$692,303.00
$57,691.92/mo

Valuation Metrics

0
DSCR
6.79%
Cap Rate
6.79%
ROI

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Additional Information

Name
Patrick Graham
License
9005919 (TX), 528005 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
Name
Joshua Longoria
License
825925
Brokerage
Matthews Real Estate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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