Academy Sports NNN Retail
For Sale
Contact for pricing
4400 S Soncy Road, Amarillo, TX 79119
Freestanding retail asset with a 20.0-year absolute NNN lease commencing at closing.
Property Size76,933 SF
Price / SF$196.85
Days on Market60
Property Features for 4400 S Soncy Road
General Information
Standard status
Active
Size
76,933 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$961,663
Building Details
Year Built
1999
Year Renovated
2017
Tenancy
Single
Listing Agency:
JLL - Dallas | Cedar Springs, Texas
Listed By:
Caroline Pinkston · License #601565
Source:
Crexi
Added: Aug 19
Changed: Oct 4
Last Checked: Oct 16 at 5:49AM
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 JLL - Dallas | Cedar Springs, Texas
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Investment Insights
Based on property information with market context.
The property is a freestanding Academy Sports + Outdoors retail building containing 76,933 square feet and constructed in 1999. The offering conveys the fee simple interest in the asset at 4400 S Soncy Road in Amarillo, Texas.
At closing, Academy Sports will commence a 20.0-year absolute NNN lease. The lease includes four 5-year renewal options, providing a defined long-term occupancy structure for the property.
At closing, Academy Sports will commence a 20.0-year absolute NNN lease. The lease includes four 5-year renewal options, providing a defined long-term occupancy structure for the property.
Key Highlights
- 76,933‑square‑foot freestanding Academy Sports + Outdoors property
- Fee simple interest offered at 4400 S Soncy Road, Amarillo, TX 79119
- 20.0‑year absolute NNN lease begins at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$743,173
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,863,460
$14.9M
Cap Rate 7%
$10,616,757
$10.6M
Cap Rate 9%
$8,257,478
$8.3M
Market Conditions
NOI Build-Up for 76,933 SF
Gross rent
$1.15M $15.00/SF
− Vacancy
−$92.3K −$1.20/SF
EGI
$1.06M $13.80/SF
− OpEx
−$318.5K −$4.14/SF
NOI
$743.2K $9.66/SF
Area
Amarillo, TX
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,863,460
Cap Rate 7%
$10,616,757
Cap Rate 9%
$8,257,478
Alternative Uses
Best Use
Retail
$10.62M
$9.29M – $12.39M
NOI $743,173 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.18M
$15.03M – $20.04M
NOI $1,202,370 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 79119, TX
21,147
Population
9,839
Households
2.1
Avg Household Size
37
Median Age
44%
College-Educated
97%
High-School Grad
99.5 sq mi
ZIP Area
213
Density / Sq Mi
$100,546
Median Household Income
$63,728
Median Earnings
$1,217
Median Rent
$335,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail asset with a 20.0-year absolute NNN lease commencing at closing.
Where is this nnn property located?
The property is located at 4400 S Soncy Road Amarillo, TX.
What is the asking price?
The asking price for this property is $15,144,000.
What are key features of this property?
This property features: 76,933‑square‑foot freestanding Academy Sports + Outdoors property; Fee simple interest offered at 4400 S Soncy Road, Amarillo, TX 79119; 20.0‑year absolute NNN lease begins at closing
