Dick's Sporting Goods

801 Sunland Park Dr
El Paso , TX 79912-5209

Dick's Sporting Goods - Retail for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a single tenant, freestanding Dick’s Sporting Goods (the “Property” or “Asset”) located in El Paso, Texas. The Asset is operating under an absolute NNN lease with zero landlord responsibilities and approximately 9 years of primary term remaining. The Property also benefits from 10% rental increases every five years and three 5-year option periods. This offering represents an exceptional opportunity to acquire a long-term, absolute NNN Dick’s Sporting Goods property with strong store sales and limited competition from like-kind retailers in the immediate area.

Investment Highlights


  • Long-Term Lease with Substantial Rent Growth
  • Excellent Location off I-10 within Power Center
  • Strong Local Demographics and Trade Area
  • Established National Tenancy with Positive Outlook
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 801 Sunland Park Dr, El Paso, TX 79912-5209
Building Size 51,582  ft2
Financial
Price $8,741,000
Cap Rate 7.50%
Current NOI $655,607.00
Lease
Tenant's Name Dick's Sporting Goods
Lease Expiration Date 01/31/2027
Remaining Term 8Yrs

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