Available

Academy Sports & Outdoors

1580 Crater Lake Drive | Kennesaw (Atlanta MSA), GA 30152

Price

$10,826,000

Cap Rate: 6.25%

Lead Broker

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Outparcel to a trophy Whole Foods-anchored mixed-use development

Blue West Capital is pleased to exclusively offer for sale a single tenant net leased Academy Sports and Outdoors property located in Atlanta MSA. The property features a corporate lease to a publicly traded company (NYSE: ASO) with a $4 billion market cap. The long-term lease has over 9 years remaining and there are fixed rental increases every five years during the primary term and options.

The affluent surrounding area has average annual household incomes of $120,000 within five miles. The property is strategically positioned as an outparcel to a trophy Whole Foods-anchored mixed-use development. Other retailers include Costco, Publix, Target, Tesla, CarMax, Floor & Décor, Bahama Breeze, Chipotle, Chick-fil-A, Taco Bell, Wendy’s, Wells Fargo, and many others.

Investment Highlights

  • Long-term lease with over 9 years remaining
  • Outparcel to a trophy Whole Foods-anchored mixed-use development
  • Recent high-end construction (2016) with the company’s latest state of the art prototype building
  • Corporate lease to a publicly traded company (NYSE: ASO) with a $4 billion market cap
  • Densely concentrated area with significant barriers to entry
  • Fixed rental increases every five years during the primary term and options

Location Highlights

  • Located within the Altana MSA in an affluent and rapidly expanding area
  • Affluent surrounding area with average annual household incomes of $120,000 within five miles
  • Located at the NWC of Barrett Pkwy & Cobb Pkwy, one of the most prominent intersections in the region with over 89,000 VPD
  • Immediate proximity to Kennesaw State University, the largest college in the state with more than 41,000 students
  • Positioned within a strong retail trade area that includes Costco, Publix, Target, Tesla, CarMax, Floor & Décor, Bahama Breeze, Chipotle, Chick-fil-A, Taco Bell, Wendy’s, Wells Fargo, and many others.

We are ready to assist you.

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031