Circle K - Slidell, LA
2000 Oak Harbor Blvd, Slidell, LA, 70461, US
HK$40,334,000 | 6,485 sf
Asset Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Academy Sports + Outdoors located at 61007 Airport Road in Slidell, Louisiana (“Property” or “Asset”). Academy Sports will enter a 10.0-year, absolute NNN lease at the transaction’s closing with $0.50/SF rent escalations every 5-years and four, 5-year options
This unique opportunity allows investors the ability to acquire long-term passive income from a widely recognized retailer with below market rents.
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Attributes
Building area net
68,054 sf
Asking price
HK$39,235,000
Cap rate
7.5%
NOI
HK$2,943,000
WAULT
10 years
Land area gross
7.25 acres
Media
Investment Highlights
- Sale-leaseback with fresh 10.0-year absolute NNN lease upon close of escrow
- Below market rent of $5.51 PSF
- Adjacent to Interstate 12 with direct accessability to 68,000 vehicles per day
- Anchors Stirling Slidell shopping center with 1.0 million visits annually
- Strong demand characteristics driven by 12% population growth since 2010 within a 1-mile radius
- Nearest Academy Sports location over 15 miles from Property
Contact brokers
Academy Sports - Slidell, LA (0 Properties)
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Last updated
3 Jun 2025
