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Dick's Sporting Goods 3162 Phoenix Center Dr 40,000 SF Retail Building Washington, MO 63090 $9,549,264 CAD ($238.73 CAD/SF) 7% Cap Rate
Investment Highlights
- LONG-TERM OPERATING HISTORY WITH RECENT EXTENSION
- HIGH CONCENTRATION OF STRONG-PERFORMING NATIONAL TENANTS
- ESTABLISHED NATIONAL TENANT
- HIGH VISIBILITY & EASY ACCESS ALONG HIGHWAY 100
Executive Summary
CBRE National Retail Partners – Midwest is pleased to present the opportunity to acquire 100% fee interest in a 40,000-square-foot Dick’s Sporting Goods, located in Washington, MO (“The Property”). Dick’s Sporting Goods has been a tenant at the center since 2015 and recently exercised its first option period, extending the term through January 2031.
The Property is ideally situated as an anchor to Phoenix Center II, a 216,567-square-foot open-air power center anchored by national retailers such as Ross Dress for Less, Marshalls, Dollar Tree, PetSmart, and Ulta Beauty. Phoenix Center is a prominent retail destination along Washington’s primary corridor on Highway 100, which sees over 22,000 vehicles pass through daily and serves as a regional hub for Franklin County, drawing customers from a wide trade area and supporting a robust retail environment.
Dick’s Sporting Goods is a leading American retailer specializing in sports equipment, apparel, footwear, and accessories, founded in 1948. Operating over 890 stores and with a strong e-commerce presence, the company offers a broad range of products and serves as a premier destination for athletes and fitness enthusiasts.
The Property is ideally situated as an anchor to Phoenix Center II, a 216,567-square-foot open-air power center anchored by national retailers such as Ross Dress for Less, Marshalls, Dollar Tree, PetSmart, and Ulta Beauty. Phoenix Center is a prominent retail destination along Washington’s primary corridor on Highway 100, which sees over 22,000 vehicles pass through daily and serves as a regional hub for Franklin County, drawing customers from a wide trade area and supporting a robust retail environment.
Dick’s Sporting Goods is a leading American retailer specializing in sports equipment, apparel, footwear, and accessories, founded in 1948. Operating over 890 stores and with a strong e-commerce presence, the company offers a broad range of products and serves as a premier destination for athletes and fitness enthusiasts.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
40,000 SF
Building Class
B
Year Built
2015
Price
$9,549,264 CAD
Price Per SF
$238.73 CAD
Cap Rate
7%
NOI
$668,333 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
4.08 AC
Zoning
C2 - General Commercial District
Parking
100 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
210’ on prk
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 40,000 SF
- -
- Jan 2031
DICK'S Sporting Goods began in 1948 when Richard Stack opened a bait shop in Binghamton, New York. The company grew into a national chain selling sports equipment, apparel and footwear through hundreds of locations nationwide. In addition to its main brand, DICK'S operates specialty stores like Golf Galaxy and Public Lands for outdoor gear. The retailer serves athletes and outdoor enthusiasts through both physical stores and e-commerce while maintaining its original sporting goods focus across decades of expansion.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 40,000 SF | - | Jan 2031 |
Nearby Major Retailers
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Dick's Sporting Goods | 3162 Phoenix Center Dr
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