160 Hollywood Blvd - Freestanding FOR SALE


Starkville, MS 39759
$9,545,000 USD
949-903-3399
160 Hollywood Blvd, Starkville, MS for Sale
$9,545,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

160 Hollywood Blvd
Starkville, MS 39759


HIGHLIGHTS

  • Proven Long Term Corp Lease by Academy Sports (NASDAQ: ASO) - 7+ Yrs. plus Options
  • Trophy High-Profile Site Surrounded by Walmart/Lowe’s/Kroger - near Miss St. University
  • Strong Lease Guarantee - One of Nation’s Largest Sporting Goods/Outdoor Stores (298+)
  • Large 6.84 Acre Parcel - Minimal LL Duties (Roof Warranty) - Big Parking Field - Strong Demo’s
  • Affluent Growth Suburb and Home to Miss St. University - Huge Student Population Density

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant net leased Academy Sports + Outdoors in Starkville, MS. Academy Sports (NASDAQ: ASO) is one of the largest sporting goods and outdoors stores in the country and operates nearly 300 locations. The net lease has over 7 years remaining in the primary term with three 5-year option periods, rent increases every 5 years and minimal landlord responsibilities providing passive income for years to come. The 62,916 SF building on 6.84-acre parcel is positioned between Walmart Supercenter and the 300,000 SF Starkville Crossing Community Center creating strong retail synergies. Other nearby retailers include Kroger, ALDI, PetSmart, Tractor Supply, Dollar General, Dollar Tree, Bealls, McDonald’s, Popeyes, Zaxby’s and more. The subject property is located along Mississippi Highway 12 W which sees over 9,300 VPD and is adjacent to Mississippi Highway 25 which sees over 24,000 VPD. Additionally, Mississippi State University is within 3 miles and has a student enrollment exceeding 23,000.

FOR SALE DETAILS

PRICE

$9,545,000 USD

PRICE/SF

$152 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Academy Sports

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

299

LAND DETAILS

LAND ACRES

1.7 AC

LAND SF

74,052 SF

ZONING

C-2

APN/PARCEL ID

103H-00-016.15,103I-00-003.04

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.