Freestanding Academy Sports Investment
For Sale
Contact for pricing
714 W Loop 1604 N, San Antonio, TX
Freestanding Academy Sports on Loop 1604 N, San Antonio, TX.
Property Size86,000 SF
Lot Size9.41 Acres
Price / SF$173.26
Days on Market388
Property Features for 714 W Loop 1604 N
General Information
Standard status
Active
Size
86,000 SF
Lot size
9.41 Acres
Property subtype
RETAIL
Listing Agency:
JLL | Dallas
(214) 438-6100
Listed By:
Caroline Pinkston · License #TX 601565
(214) 438-6590
Source:
Moodyscre
Added: Aug 13, 2025
Changed: Aug 22
Last Checked: Sep 4 at 4:55AM
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
Investment Insights
Based on property information with market context.
The property is a freestanding Academy Sports + Outdoors located at 714 W Loop 1604 N in San Antonio, TX. Academy Sports will enter into a 15.0-year, absolute NNN lease upon the transaction's closing, featuring rent escalations of $0.50 per square foot every 5 years, along with four 5-year options. The property encompasses a total area of 86,000 square feet.
Key Highlights
- Freestanding Academy Sports + Outdoors location.
- 15‑year absolute NNN lease upon closing.
- Located at 714 W Loop 1604 N in San Antonio, TX.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,151,217
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$23,024,340
$23.0M
Cap Rate 7%
$16,445,957
$16.4M
Cap Rate 9%
$12,791,300
$12.8M
Market Conditions
NOI Build-Up for 86,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.71M $19.92/SF
− Vacancy
−$68.5K −$0.80/SF
EGI
$1.64M $19.12/SF
− OpEx
−$493.4K −$5.74/SF
NOI
$1.15M $13.39/SF
Area
San Antonio, TX
Vacancy
4.00%
Lease Rate
$19.92 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$23,024,340
Cap Rate 7%
$16,445,957
Cap Rate 9%
$12,791,300
Alternative Uses
Best Use
Retail
$16.45M
$14.39M – $19.19M
NOI $1,151,217 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$21.94M
$19.19M – $25.59M
NOI $1,535,599 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
438
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in San Antonio, TX
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding Academy Sports on Loop 1604 N, San Antonio, TX.
Where is this storefront property located?
The property is located at 714 W Loop 1604 N San Antonio, TX.
What is the asking price?
The asking price for this property is $14,900,000.
What are key features of this property?
This property features: Freestanding Academy Sports + Outdoors location.; 15‑year absolute NNN lease upon closing.; Located at 714 W Loop 1604 N in San Antonio, TX.
