Sunrise Lake at Broadway
9223 Broadway Street, Pearland, TX, 77584, US
6,932 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$17,656,000
Cap rate
6.35%
NOI
CA$1,121,000
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
Aug 14, 2025
