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Academy Sports + Outdoors 1041 Nolan St 63,224 SF Retail Building Brenham, TX 77833 $10,200,000 ($161.33/SF) 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.
- Scheduled Rental Increases – Rent increases of $0.50 PSF occur every five years throughout the base term and option periods.
- NNN Lease Structure – Passive, triple-net lease with minimal landlord responsibilities, offering a low-management investment profile.
- Corporate Guarantee – Lease is corporately guaranteed, providing strong credit support for the owner.
- Limited Competition – The property is located more than 35 miles from the nearest Academy Sports + Outdoors location.
- National Credit Tenant – Academy Sports + Outdoors operates over 300 locations across 21 states, with planned expansion into Maryland and Pennsylvania
Executive Summary
Broker of Record
Patrick Graham
License # 9005919 (TX), 528005 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Patrick Graham
License # 9005919 (TX), 528005 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
63,224 SF
Year Built
2023
Price
$10,200,000
Price Per SF
$161.33
Cap Rate
6.78%
NOI
$691,560
Tenancy
Single
Building Height
1 Story
Nearby Major Retailers
1 of 5
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Academy Sports + Outdoors | 1041 Nolan St
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