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Academy Sports

2900 Derek Drive, Lake Charles, LA, USA
$9,021,200 7.75% Cap 71,410 sq ft Representative Photo Print This Page

Location

2900 Derek Drive, Lake Charles, LA, USA

Price: $9,021,200
CAP Rate: 7.75%
Net Operating Income: $699,143
Square-Footage: 71,410
Lot Size: 6.70 AC

100% Fee Simple InterestLocated on a Major Commercial ThoroughfareMinimal Landlord ObligationsNet Leased OfferingScheduled IncreasesSurrounded by Major Retailers

The subject offering is a 71,410 square foot Academy Sports + Outdoors situated on 6.70 acres in Lake Charles, Louisiana. The fee simple net lease is corporately guaranteed by Academy Sports + Outdoors.

The net lease calls for minimal landlord obligations. The tenant has three, 5-year renewal options with 5% increases in rent every five years. The building is ideally located on a major retail thoroughfare. Neighboring tenants include Walmart SuperCenter, Lowe’s and Old Navy.

Lake Charles is a city in southwest Louisiana. Downtown, the Mardi Gras Museum explores the history of the iconic festival through colorful costumes. The 1911 Historic City Hall Arts & Cultural Center features traveling exhibitions and local art. Nearby, the giant, centuries-old Sallier Oak tree stands on the grounds of the Imperial Calcasieu Museum, a visual arts center. The city also has several large casinos.

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Kase Abusharkh Founding Principal View profile
Jacob Abusharkh Managing Principal View profile

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