Dick's Sporting Goods - El Paso, TX

801 Sunland Park Drive
El Paso, TX 79912

Marketing Materials

Overview

JLL is pleased to offer for sale the fee-simple interest in a single tenant, freestanding Dick’s Sporting Goods (the “Property” or“ Asset”) located in El Paso, Texas. The Asset is operating under an absolute NNN lease with zero landlord responsibilities and approximately 9 years of primary term remaining. The Property also benefits from 10% rental increases every five years and three 5-year option periods. This offering represents an exceptional opportunity to acquire a long-term, absolute NNN Dick’s Sporting Goods property with strong store sales and limited competition from like-kind retailers in the immediate area.

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Investment Highlights
-Long-Term Lease with Substantial Rent Growth
-Excellent Location off I-10 within Power Center
-Strong Local Demographics and Trade Area
-Established National Tenancy with Positive Outlook
General
Property Type Retail
Property Address 801 Sunland Park Drive
El Paso, TX 79912
Land In Acres 3.35
Building Size 51,582 Square Feet
Primary Use Sporting Goods
Year Built 1992
Tenancy Single-Tenant
Financial
Price $9,500,000
Price PSF $184.17
Cap Rate 6.90%
Current NOI $655,607
Lease
Tenant Name Dick's Sporting Goods, Inc.
Lease Type NNN
Annual Rent $655,607
Rent Escalations 10% Every 5 Years
Options 3 x 5-year options
Lease Expiration Date 1/31/2027
Remaining Term 8.5Yrs