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 4400 Soncy Road in Amarillo, Texas (“Property” or “Asset”). Academy Sports will enter a rare, 20.0-year, absolute NNN lease at the transaction’s closing with $1.00/SF rent escalations every 5-years and four, 5-year options.

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Attributes

Asking price

PLN 56,552,000

Cap rate

6.35%

NOI

PLN 3,592,000

WAULT

20 years

Building area gross

7,147 m²

Land area gross

2.63 ha

Media

Investment Highlights

Absolute NNN lease with rare, 20.0 years of lease term upon close of escrow
#2 most visited Academy Sports in Texas & the U.S. (Placer.ai LTM)
Strong demographics with 29% population growth since 2010 and average household incomes of $168K within a 1-mile radius
Frontage along Soncy Rd, the primary retail corridor in Amarillo, with 37,000 VPD
Nearest Academy Sports location is over 50 miles from property
Academy Sports is a leading sporting goods & outdoor recreation retailer opening 20+ new locations in 2026