Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

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Attributes

Year Built 2015
Tenant Academy, Limited
Building Area Net
Land Area Net ()
Rentable Area
Occupancy 100.0 %

Asset Description

JLL is pleased to offer the opportunity to acquire Academy HQ, a 100% leased Class A office building in Katy, TX, a fast growing West Houston municipality, on a long term absolute-NNN lease to Academy Sports and Outdoors (ASO) with 13.4 years of

remaining lease term. The Property lies just north of Interstate-10 within Academy’s broader headquarters campus which includes office and training facilities as well as the company’s largest of three distribution hubs which serves 117 of the company’s 259 retail stores. Newly constructed in 2015, the Academy HQ building is the latest expansion of Academy’s presense at this location where the company has been located for over thirty years. Designed by Kirksey Architecture the LEED Silver building offers a modern design, superb West Houston location, and unmatched onsite amenities which include a full gym, auditorium with stowable bleachers, conference center, cafeteria, and outdoor turf football field.

Investment Highlights

  • 13.4 years of term with publicly traded single tenant user
  • Mission critical headquarters location set within larger distribution center
  • National retail tenant with strong sales growth
  • Corporate retailer success story
  • Significantly below market rent
  • Well below today’s replacement cost


Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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