Sunrise Lake at Broadway
9223 Broadway Street, Pearland, TX, 77584, US
74,612 sf
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 714 W Loop 1604 N in San Antonio, TX (“Property” or “Asset”). Academy Sports will enter a 15.0-year, absolute NNN lease at the transaction’s closing with $0.50/SF rent escalations every 5-years and four, 5-year options.
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Attributes
Asking price
$14,900,000
Cap rate
6.35%
NOI
$946,000
WAULT
15 years
Building area net
86,000 sf
Land area gross
9.41 acres
Media
Investment highlights
- Brand new absolute NNN lease with 15.0 years of lease term upon close of escrow and zero landlord responsibilities
- Proven commitment to the site with more than 16 years of operating history
- Positioned with frontage on Loop 1604 with 78,000 VPD
- Adjacent to The Shoppes at Dove Creek which ranks in the top 1% of most visited shopping centers in the nation (Placer.ai)
- Dense residential area with 1,140+ immediate apartment units
- Explosive 51% population growth since 2010 within a 3-mile radius
- San Antonio is the 2nd largest city in Texas and the 7th largest in the country
Contact brokers
Academy Sports + Outdoors - San Antonio, TX (0 Properties)
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Last updated
Jul 30, 2025
