Dick's House of Sport - Durham, NC

Jones Lang LaSalle (“JLL”) has been exclusively retained by Ownership to offer qualified investors the opportunity to acquire the Dick's House of Sports at Streets at Southpoint Mall in Durham, NC. The property features 111,399 SF on 6.9 acres with a 15-year lease with minimal landlord responsibilities, 10% annual rent increases during the primary term, and four 5-year renewal options. Located 8 miles from Downtown Durham with exposure to I-40 (120,000 VPD) and Fayetteville Road (16,000 VPD), this experiential retail concept includes a climbing wall, golf simulators, "House of Cleats," HitTrax-simulated cage, and multi-use field. The property benefits from its position in Simon's Streets at Southpoint Mall (13 million annual visitors) with a recently approved development plan for 1,300+ apartments, 100,000 SF of new retail, 300,000 SF of office, and up to 200 hotel rooms, while serving strong demographics with average household incomes exceeding $124,000 within 5 miles.