Academy Sports + Outdoors

3750 Sangani Blvd - D'Iberville MS 39540

LTV (Loan to Value)	65.00%	Current NOI	$727,621.00
Interest Rate	4.250%	Capital Rate	6.000%
Fixed Term	10 Years	Land Area	+/-6.52 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$7,882,550.00	Property Type	Retail
Payment	$42,702.78	Property Lease	Sports Supply Store
Bulding Size	0 SF	Remaining Terms	Fifteen (15) Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors an Academy Sports + Outdoors property located at 3750 Sangani Blvd in D'Iberville, Mississippi, immediately north of Biloxi. Academy Sports + Outdoors is operating under a brand new fifteen (15) year base lease term with five (5), five (5) year renewal options. There are scheduled rental increases every five (5) years during the primary term and all renewal options. The lease is NN with minimal Landlord responsibilities. Academy Sports + Outdoors is one of the leading full-line sporting goods retailers in the United States with annual sales exceeding $3.9 billion. Academy's unique assortment and value proposition allow it to compete against full-line sporting goods retailers as well as mass merchants. The company currently operates over 190 “Academy Sports + Outdoors” retail locations in 15 states in the South and Southeast. The subject property is located in Lakeview Village, a 150-acre master planned, mixed-use development project in D'Iberville, one of the fastest growing cities in Southern Mississippi. Surrounding national retailers include Wal-Mart, Best Buy, Target, Starbucks, Lowe's, Chili's, Target, Kohl's, Chick-fil-a, PetSmart and many others. The immediate surrounding neighborhoods are also attractive from a demographic and socioeconomic standpoint.

Highlights

Industry-Leading Tenant – Academy Sports + Outdoors is a nationally recognized, best-in-class sporting goods retailer. Academy leads the sporting goods…

Property Description

D’Iberville is a city in Harrison County, Mississippi, United States, immediately north of Biloxi, across the Back Bay. It is part of the Gulfport–Biloxi Metropolitan Statistical Area.It is named after Pierre Le Moyne d’Iberville, who arrived at the area in 1699. Over 300 years later, D’Iberville officially became a city in 1988.D’Iberville is one of the fastest growing cities in South Mississippi. Due to an abundance of development at the connection of I-10 and Hwy 67/I-110 including large retailers such as Walmart, Target, Best Buy, PetSmart, Lowe’s, Kohl’s, Marshalls, and others, D’Iberville has become almost an epicenter of shopping on the MS Gulf Coast and residential real estate in the area has flourished in its wake.D’Iberville is located only minutes from the beach, with most of the development on the northern part of the Biloxi Bay. The Tchoutacabouffa River runs through the northern portion of D’Iberville with several subdivisions to choose from on the river or with access to it.D’Iberville was one of the Gulf Coast cities hit by Hurricane Katrina in 2005. As a result of an initiative by the Congress for the New Urbanism under the sponsorship of Governor Haley Barbour and the State of Mississippi, the City of D’Iberville received town design consulting services from some of the most prestigious urban designers in the country. Since then, the City of D’Iberville has been working with Jaime Correa and Associates on the implementation of its master plan, on a full-fledged New Urbanism SmartCode for its downtown area, and on the implementation of mixed-use neighborhoods and main street.