Desirable Tenant Lease Term: ±5.5 years remaining with (3) 5-year options and $0.50 PSF increases every 5 years.
Minimal Landlord Responsibilities: NNN lease with landlord only responsible for structure and roof “replacement”.
Desirable Tenant: Academy Sports & Outdoors is one of the nation’s largest full-line sporting goods and outdoor recreation retailers in the United States with 269 stores across 18 states. Over the last several decades, the company has grown substantially from its small beginnings. Sales reached $1 billion dollars in 2003, $2 billion dollars in 2007, $3 billion dollars in 2012, and $4 billion dollars in 2014. In fiscal 2022, sales reached $6.4 billion.
High Quality Retail Corridor: Located off President George Bush Turnpike (92,524 VPD) and on N Garland Ave (21,228 VPD), neighboring tenants include Target, Walmart, Sams Club, Michaels, PetSmart, Office Depot, Chick-fil-A, 7-Eleven, Wells Fargo, PNC Bank, Buffalo Wild Wing, Burger King, Arby’s, Red Robin, IHOP, and many more.
Highly Desirable Market: Located only ±20 miles from Dallas and ±54 miles from Fort Worth, Garland is one of Dallas’s most desirable suburban submarkets. Garland ranked No. 2 in Texas and 19th in the nation among “The Best Cities to Buy a Home Big Enough to Raise a Family” based on its low crime rate, great schools, six recreation centers and more than 40 parks with a 1/3/5 mile population of 15,050/122,929/312,975.
Booming Greater Market: Located only 20 miles from downtown Dallas, the City of Garland is located in the northeast region of the Dallas, TX area and is a part of the Dallas–Fort Worth metroplex (6,574,000 population). Garland is the third largest city (240,854 population) in Dallas County by population and is a thriving community with plenty of job opportunities (one of the largest manufacturing cities in Texas with more than 300 manufacturers).