Chick-fil-A - San Antonio, Texas
Northwest Loop 410 5550, San Antonio, TX, 78238, US
£2,844,000 | 6,521 sf
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 714 W Loop 1604 N in San Antonio, TX (“Property” or “Asset”).
The Property is operating on a 20-year absolute NNN lease with ±4.8 years remaining. The lease features four, five-year renewal options and rare 1.50% annual rent escalations. Initially constructed as a build-to-suit for the Tenant in 2009, Academy has a proven commitment to the site with more than 15 years of operating history.
Located in San Antonio, Academy is strategically positioned with frontage on Loop 1604, the longest loop in Texas. Academy Sports is within a dense retail corridor with major retailers surrounding that include Costco, Walmart, H-E-B, Kohl’s, LA Fitness, T.J. Maxx, and HomeGoods, among others.