Academy Sports NNN
For Sale
Contact for pricing
3525 S PRESTON RD, Celina, TX 75009
Newly constructed retail facility leased under a long-term NNN structure with multiple renewal options.
Property Size63,300 SF
Lot Size5.34 Acres
Price / SF$266.67
Days on Market56
Property Features for 3525 S PRESTON RD
General Information
Standard status
Active
Size
63,300 SF
Total Parking Spaces
262
Lot size
5.34 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$1,012,800
Additional Details
Anchor Co-Tenants
Lowe's, EOS, Home Depot, Costco, Costco Gasoline
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield - San Diego, California
Listed By:
Ryan Gomez · License #CA: 01753933
Source:
Crexi
Added: Aug 25
Changed: Oct 11
Last Checked: Oct 16 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cushman & Wakefield - San Diego, California
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property is a 63,300-square-foot retail facility completed in 2026 and occupied by Academy Sports & Outdoors. The tenant occupies approximately 5.34 acres, with a scheduled grand opening on August 28, 2026. The lease provides an initial term exceeding 16 years and includes three five-year renewal options under an NNN structure.
The property is part of The Village at Ownsby Farms, within a combined 77-acre master-planned retail district that includes Lowe’s and EOS, along with Home Depot, Costco, and Costco Gasoline. It is located across from Jefferson Ownsby and Prose Ownsby Farms, two multifamily communities totaling 850 units. Additional surrounding retail includes Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods, and Kohl’s.
The property is part of The Village at Ownsby Farms, within a combined 77-acre master-planned retail district that includes Lowe’s and EOS, along with Home Depot, Costco, and Costco Gasoline. It is located across from Jefferson Ownsby and Prose Ownsby Farms, two multifamily communities totaling 850 units. Additional surrounding retail includes Target, Walmart Supercenter, Hobby Lobby, Dick’s Sporting Goods, and Kohl’s.
Key Highlights
- 63,300‑square‑foot Academy Sports & Outdoors retail facility
- Completed in 2026 with grand opening scheduled for August 28, 2026
- NNN lease with an initial term exceeding 16 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,018,526
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,370,520
$20.4M
Cap Rate 7%
$14,550,371
$14.6M
Cap Rate 9%
$11,316,956
$11.3M
Market Conditions
NOI Build-Up for 63,300 SF
Gross rent
$1.53M $24.12/SF
− Vacancy
−$71.8K −$1.13/SF
EGI
$1.46M $22.99/SF
− OpEx
−$436.5K −$6.90/SF
NOI
$1.02M $16.09/SF
Area
Collin County, TX
Vacancy
4.70%
Lease Rate
$24.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$20,370,520
Cap Rate 7%
$14,550,371
Cap Rate 9%
$11,316,956
Alternative Uses
Best Use
Retail
$14.55M
$12.73M – $16.98M
NOI $1,018,526 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Industrial
$62.90M
$55.04M – $73.38M
NOI $4,402,913 @ 7.0% cap · market cap 26.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Explore this area
Business Placement
Demographics for 75009, TX
21,276
Population
9,943
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
96%
High-School Grad
98.7 sq mi
ZIP Area
216
Density / Sq Mi
$166,064
Median Household Income
$70,683
Median Earnings
$2,134
Median Rent
$471,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Newly constructed retail facility leased under a long-term NNN structure with multiple renewal options.
Where is this nnn property located?
The property is located at 3525 S PRESTON RD Celina, TX.
What is the asking price?
The asking price for this property is $16,880,000.
What are key features of this property?
This property features: 63,300‑square‑foot Academy Sports & Outdoors retail facility; Completed in 2026 with grand opening scheduled for August 28, 2026; NNN lease with an initial term exceeding 16 years
