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Academy Sports 160 Hollywood Blvd 62,916 SF Retail Building Starkville, MS 39759 $12,528,382 CAD ($199.13 CAD/SF) 7.44% Cap Rate

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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.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

62,916 SF

Building Class

Year Built

2017

Price

$12,528,382 CAD

Price Per SF

$199.13 CAD

Cap Rate

7.44%

NOI

$932,709 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

6.84 AC

Zoning

C-2

Parking

299 Spaces (4.75 Spaces per 1,000 SF Leased)

Frontage

87’ on Hollywood Blvd

Signage

Retailer
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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.