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Academy Sports 160 Hollywood Blvd 62,916 SF Retail Building Starkville, MS 39759 $8,975,000 ($142.65/SF) 7.44% Cap Rate
Investment Highlights
- Proven Long Term Corp Lease by Academy Sports (NASDAQ: ASO) - 7+ Yrs. plus Options
- Strong Lease Guarantee - One of Nation’s Largest Sporting Goods/Outdoor Stores (298+)
- Affluent Growth Suburb and Home to Miss St. University - Huge Student Population Density
- Trophy High-Profile Site Surrounded by Walmart/Lowe’s/Kroger - near Miss St. University
- Large 6.84 Acre Parcel - Minimal LL Duties (Roof Warranty) - Big Parking Field - Strong Demo’s
Executive Summary
The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant net leased Academy Sports + Outdoors in Starkville, MS. Academy Sports (NASDAQ: ASO) is one of the largest sporting goods and outdoors stores in the country and operates nearly 300 locations. The net lease has over 7 years remaining in the primary term with three 5-year option periods, rent increases every 5 years and minimal landlord responsibilities providing passive income for years to come.
The 62,916 SF building on 6.84-acre parcel is positioned between Walmart Supercenter and the 300,000 SF Starkville Crossing Community Center creating strong retail synergies. Other nearby retailers include Kroger, ALDI, PetSmart, Tractor Supply, Dollar General, Dollar Tree, Bealls, McDonald’s, Popeyes, Zaxby’s and more. The subject property is located along Mississippi Highway 12 W which sees over 9,300 VPD and is adjacent to Mississippi Highway 25 which sees over 24,000 VPD. Additionally, Mississippi State University is within 3 miles and has a student enrollment exceeding 23,000.
This is an excellent opportunity to purchase a single tenant Academy Sports + Outdoors in Mississippi with over 7 firm lease years remaining, 15 years in option periods, rent increases and limited landlord responsibilities creating inflation resistant cash flows for years to come.
The 62,916 SF building on 6.84-acre parcel is positioned between Walmart Supercenter and the 300,000 SF Starkville Crossing Community Center creating strong retail synergies. Other nearby retailers include Kroger, ALDI, PetSmart, Tractor Supply, Dollar General, Dollar Tree, Bealls, McDonald’s, Popeyes, Zaxby’s and more. The subject property is located along Mississippi Highway 12 W which sees over 9,300 VPD and is adjacent to Mississippi Highway 25 which sees over 24,000 VPD. Additionally, Mississippi State University is within 3 miles and has a student enrollment exceeding 23,000.
This is an excellent opportunity to purchase a single tenant Academy Sports + Outdoors in Mississippi with over 7 firm lease years remaining, 15 years in option periods, rent increases and limited landlord responsibilities creating inflation resistant cash flows for years to come.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
62,916 SF
Building Class
B
Year Built
2017
Price
$8,975,000
Price Per SF
$142.65
Cap Rate
7.44%
NOI
$668,168
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
6.84 AC
Zoning
C-2 - Commercial
Parking
299 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
87’ on Hollywood Blvd
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
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Lorem Ipsum
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Jan 0000
Academy is one of the leading full-line sporting goods and outdoor recreation retailers in the United States. Originally founded in 1938 as a family business in Texas, Academy has grown to multiple stores across the United States. Academy’s mission is to provide “Fun for All” and Academy fulfills this mission with a localized merchandising strategy and value proposition that strongly connects with a broad range of consumers. Academy’s product assortment focuses on key categories of outdoor, apparel, footwear and sports & recreation through both leading national brands and a portfolio of private label brands.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $833,061 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$833,061
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