Stellar Bank - The Woodlands
1900 Research Forest Dr, Spring, TX, 77381-4564, US
CN¥22,518,000 | 559 m²
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 28616 Highway 290 in Cypress, TX (“Property” or “Asset”).
The Property is operating on a 20-year absolute NNN lease with ±11.4 years of primary lease term remaining. The lease features four, five-year renewal options and various rent escalations every 5-years. The Property benefits from a significantly below market rent of $6.64 PSF, as well as an upcoming rent bump of 4.2% in February 2026.
Located 27 miles northwest of downtown Houston, Academy Sports is positioned within Fairfield Town Center, Cypress’ newest regional shopping center with traffic generators including the 475,000 SF Houston Premium Outlets, HEB, and Kroger.