Academy Sports + Outdoors - Premier Anchor at Waterview Town Center
19160 W Bellfort
Richmond, TX
Property Details
available
Address
19160 W Bellfort
City
Richmond, TX
Zipcode
77407
Net Operating Income
Year Built
Cap Rate
6.50%
Lease Structure
Lot Size
5.35 AC
Lease Term
Building Size
63,163
SQ FT
Investment Details
- NNN Lease Structure - Tenant is responsible for Taxes, Insurance, and Common Area Maintenance (CAM) making this an ideal investment for investors seeking true passive incoming producing assets with minimal landlord responsibilities limited to only Roof, Structure, Foundation, & Exterior Utilities.
- Transferable Roof Warranty - 20-year roof warranty was issued at the time of construction with over 15 years of guaranteed coverage remaining.
- Priced Below Replacement Cost at roughly $123/SF, this asset holds positive attributes from a price/sf basis in which the property cannot be rebuilt in current market conditions for less than the original cost of construction making this a low risk profile for investors.
- Premier Anchor Tenant - Academy Sports is strategically positioned within Waterview Town Center, one of Richmond’s most established and high-traffic retail hubs with high visibility, strong co-tenancy, and a rapidly expanding local market.
- Prestigious Upcoming Development - Brand-New Sprouts under construction next door set to open summer of 2025 laying a foundation for an increase in store performance.
Asking Price
$7,773,908
cap rate
6.50%
%
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