Starkville Retail for Sale
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.
