Heights Central @ 19th
250 W 19th St, Houston, TX, 77008-4073, US
2,265 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding Academy Sports + Outdoors located at 4305 Old Highway 77 in Brownsville, TX (“Property” or “Asset”). Academy Sports will enter a 15.0-year, absolute NNN lease at the transaction’s closing with $0.50/SF rent escalations every 5-years and four, 5-year options.
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Attributes
Asking price
CA$17,518,000
Cap rate
6.35%
NOI
CA$1,112,000
WAULT
15 years
Building area net
6,241 sm
Year built
2001
Land area gross
2.61 ha
Media
Investment highlights
- Brand new absolute NNN lease with 15.0 years of lease term upon close of escrow and zero landlord responsibilities
- Proven commitment to the site with nearly 23 years of operating history
- This location is in the top 11% of most visited Academy locations across the nation (Placer.ai)
- Exposure to more than 126,000 VPD off Interstate 69E
- Explosive 32% population growth since 2010 within a 1-mile radius
- Adjacent to Morrison Crossing and Las Tiendas Plaza shopping centers with more than 8.6 million annual visits combined (Placer.ai)
Contact brokers
Academy Sports + Outdoors - Brownsville, TX (0 Properties)
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Last updated
Jul 30, 2025
