Asking Price
Sq. Footage 58,475
NOI Net Operating Income
Cap Rate 7.50%

Attributes

Year Built 2014
Lease Type NN
Current / Passing Rent
Lease Expiration 2029-10-31
Remaining Term 9 years, 9 months
Tenant Academy, Limited
Lot Size 5.04 ACRES

Property Description

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
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Ryan West
Senior Managing Director

JLL  financing

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