Academy Sports + Outdoors
PRICE
CAP RATE
SQUARE FOOTAGE
LEASE TERM

CONTACT US REGARDING THIS LISTING

Douglas Passon

Managing Partner

Robert Bender

Managing Partner

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PROPERTY ADDRESS

270 Shirley Dr., Cape Girardeau, MO 63701

PROPERTY INFORMATION

Price:
$9,151,000
Cap Rate:
6.85%
Term Remaining:
10 Years
Year Built:
2013
Status:
Available

INVESTMENT HIGHLIGHTS

  • 71,640 SF Academy Sports + Outdoors
  • NN+ Lease with No Landlord Responsibilities
  • 10+ Years Remaining on Lease Term
  • 5% Rent Increases in Year 6 & 11

INVESTMENT SUMMARY

Fortis Net Lease is pleased to present an Academy Sports + Outdoors store located at 270 Shirley Drive in Cape Girardeau, MO. This NNN lease has over ten years remaining and will expire on June 30, 2028. There are no landlord responsibilities and the lease includes a 5 percent rent in-crease in the sixth and eleventh year.

The subject property has over 77,000 residents within ten miles and is located on a major retail corridor. The median home value within five miles exceeds $150,000 and the average household income within three miles exceeds $69,000. The subject property is located near other national retail tenants including Dollar Tree, Panera Bread, Texas Roadhouse, Sonic, Goodwill, Popeye’s and Olive Garden. It is also located next to Sam’s Club and a Walmart Supercenter. West Park Mall is located directly across from the subject property on Interstate 55 which has a daily vehicle count over 24,000.