Academy Sports - Eagle Pass - retail for sale
Overview
JLL has been retained by the seller to exclusively offer an opportunity to acquire a 58,475 SF single tenant net leased Corporate Academy Sports + Outdoors (he “Property”) located in the fast-growing Eagle Pass / Piedras Negras market. Built in 2014, the Property is located at the signalized intersection of North Veterans Boulevard and 2nd Street, just two blocks away from the most highly trafficked intersection in Eagle Pass where N Veterans meets E Main Street. Under the leadership of a new CEO, Academy is in the process of improving its online presence in order to better drive in-store traffic and put the company on a path towards increased growth and profitability. With the nearest Academy store located nearly 100 miles away in Laredo and minimal competition in Eagle Pass, this location provides a valuable retail outlet to the Eagle Pass / Piedras Negras metro area.
Investment highlights
- Growing International Trade Location
- Net Lease Deal Structure
- Part of a Master-Planned Retail Development
| General | |
| Property type | Retail |
| Tenure type | Sale/Purchase |
| Property address | 2083 N Veterans Blvd, Eagle Pass, TX 78852-6066 |
| Land in acres | 5.04 |
| Building size | 58,475 ft2 |
| Year built | 2014 |
| Financial | |
| Price | $7,020,000 |
| Cap rate | 7.50% |
| Current NOI | $526,275.00 |
| Lease | |
| Tenant's name | Academy, Limited |
| Lease type | NN |
| Annual rent | $526,275.00 |
| Lease expiration date | 10/31/2029 |
| Remaining term | 9.9Yrs |
Academy Sports - Eagle Pass - retail for sale
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