Commercial Quarterly 1st Quarter 2017
Property Spotlight: Academy Sports + Outdoors| College Station, Texas Offering Summary
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Representative Photo: Academy Sports + Outdoors In New Caney, Texas Photo Credit: ARCH-CON RETAIL
Offering Price: $11,331,888.00 NOI: $679,912.80 Cap Rate: 6.00%
Building Information Address: 2495 Earl Rudder Freeway, College Station, TX 77845 Legal Description: Lot 2, Morgan Rector Survey, A-46 Year Built: 2017 Building Area: 72,718 SF Parking: Lime stabilized sub-grade, 5”-7” paving (355 dedicated spaces) Foundation: Reinforced concrete slab Roofing: 3” rigid insulation with 60 mils TPO (15 year warranty) Storefront: Structural steel, joists and deck
Land Information
2495 Earl Rudder Freeway | College Station, Texas NNN Leased Retail | For Sale
Size: Frontage:
6.76 Acres Over 330 linear feet of frontage on Texas State Highway 6
Property Overview: Oldham Goodwin Group is pleased to present this free standing NNN leased Academy Sports + Outdoors for your consideration. Academy Sports + Outdoors is located in Providence Park, a 54 acre mixed use development in the booming College Station/Bryan MSA. Academy benefits from exposure to 77,789 VPD along State Highway 6. The new 15 year NNN lease contains rental increases and three (3) five (5) year option. The underlying real estate consists of 72,718 SF of improvements on 6.76 acres in College Station, Texas just minutes from Texas A&M University. Academy Sports + Outdoors, a Texas based company, is one of the nation’s largest sporting goods and outdoor stores with over 200 stores throughout the South, Southeast and Midwest.
Investment Highlights: • • • • •
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New fifteen (15) year NNN lease with one of the nation’s largest sporting goods and outdoors stores Excellent location in Providence Park, a 54 acre, mixed use development Located in the heart of booming Bryan/College Station MSA Rental increases and three (3) five (5) year extension options Excellent exposure to 77,789 VPD on State Highway 6 (Earl Rudder Freeway)
Clinton D. Oldham
Executive Vice President | Brokerage Services Managing Director | Investment Sales O: 979.268.2000 | C: 409.781.7734 E: clint.oldham@OldhamGoodwin.com
Bryan/College Station | Houston | San Antonio