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Academy Sports Baytown TX-Exclusive.Indd File Photograph Academy Sports + Outdoors HOUSTON SUBURB (BAYTOWN) • 20-Year Net Lease with Increases • Profi table, Long-Established, Multi-Billion Dollar Tenant • Adjacent to 1.2 Million Square Foot Regional Mall • One of the Fastest Growing Metro Areas in the U.S. For more information, please contact: In Association with: Robert C. Sanner Richard M. Sanner Bret Bunnett Partner/Broker Senior Associate Regional Managing Principal 415-677-0439 415-677-0429 Texas Licensee [email protected] [email protected] # 3128590 LIC #00869657 LIC # 01792433 www.ctbtnnn.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verifi ed prior to purchase or lease. Academy Sports + Outdoors Baytown, Texas LOCATION Southwest corner of Garth Road and Hunt Road, Baytown, Texas. Twenty-three miles east of downtown Houston, in the Houston MSA. Just south of Interstate 10. LOT SIZE Approximately 7.37 acres – 321,037+/- square feet IMPROVEMENTS Under construction, to be completed in September 2011, a 75,686+/- square foot retail building for ACADEMY SPORTS + OUTDOORS. LEASE Leased to ACADEMY, LTD., d.b.a. ACADEMY SPORTS + OUTDOORS for 20 years from October 2011 until October 2031. The annual rent of $677,389 increases by $0.50/psf every fi ve years during the primary term. The tenant is responsible for insurance, taxes, and all normal maintenance, including maintenance of the roof. The landlord is responsible for structure, including maintenance and repair of the structural elements of the roof. The landlord is responsible for roof replacement. There are four 5-year options to renew under the same terms and conditions as the primary term. ANNUAL INCOME YEARS ANNUAL RENT 1-5 $677,389 6-10 $715,232 11-15 $753,075 16-20 $790,918 Option 1 $828,761 Option 2 $866,604 Option 3 $904,447 Option 4 $942,290 PRICE Unpriced RENT PER SQUARE FOOT $8.95 net per year – $0.75 net per month RCS:dkw:0611:15 The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verifi ed prior to purchase or lease. Academy Sports + Outdoors Baytown, Texas ABOUT THE TENANT ACADEMY, LTD. (the “Company”), founded in 1938 and headquartered in a suburb of Houston, is estimated to be the third-largest full-line sporting goods retailer in the United States by sales. The Company is a leading sporting goods, lifestyle and leisure retailer in the southeastern United States and one of the largest family- owned businesses in Texas. As of April 2011, the Company operated 129 retail locations. The Company offers a broad merchandise assortment across four product categories: Field & Stream, Sports & Leisure, Footwear and Apparel. Academy’s product mix extends well beyond assortments offered by traditional sporting goods retailers. The Company’s comprehensive product offering is designed to address the needs of the Academy customer who shops the store frequently for both staple and discretionary items. The Company tailors each store’s product assortment to the market it serves. According to a story in a local Houston newspaper, Academy had sales in 2009 of $2.4+ billion and sales in 2010 of $2.7+ billion. On May 31, it was announced that Academy was to be sold to the private equity fi rm of KKR. If consummated, the sale would occur by the end of July, 2011. The terms were not disclosed. More information is available on the company’s website, www.academy.com RCS:dkw:0611:15 The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verifi ed prior to purchase or lease. Academy Sports + Outdoors Baytown, Texas SITE INFORMATION The property is located on Garth Road, a major north/south arterial in Baytown, which connects with Interstate 10 just 0.5 mile north of the subject property. This section of Garth is heavily traveled and sees approximately 82,000 cars per day at the intersection of Interstate 10 and Garth Road. Additionally traffi c counts exceed 24,500 cars per day at Garth and Cedar Bayou Lynchburg Road just to the south of the subject property. The property is just minutes from Houston Raceway Park, the San Jacinto Monument, and the Battleship Texas. Adjacent to the subject property is San Jacinto Mall, a 1.2 million square foot regional shopping center anchored by Macy’s, JCPenney, Marshalls, Palais Royal, and Sears. It also contains over 100 specialty retailers and food court merchants including Premiere Cinemas 11. Across the street, on the northeast corner of Garth Road and Hunt Road, is Baytown Plaza, a 63,245 sf neighborhood center anchored by Kohl’s, Michael’s and Pier One Imports. Co-tenants include Shoe Carnival, Olive Garden, Buffalo Wild Wings, Gamestop, Aaron Rents, Subway, AT&T and Verizon Wireless. One and a half miles south on Garth Road is Baytown Village Shopping Center. Tenants include Hobby Lobby, Ross, Old Navy, Offi ce Depot, Petco, Anna’s Linens and Famous Footwear. Adjacent to this center is the city-owned Wayne Gray Sports Complex, a 42 acre park. The park offers 5 picnic areas, 2 tennis courts, a playground, a covered rental pavilion, and 8 athletic fi elds. Adjacent to the Sports Complex is Pirates Bay Water Park, a Caribbean themed, 4-acre water park. Pirates Bay features: Beach-style “Zero Entry” pool, Children’s Water Play Center, 671 foot Lazy River, Mat Racer, Tube Slides, FlowRider Surfi ng Machine and Lap Pool. Located two miles southwest is Goose Creek Country Club and Golf Course, a member-owned private club with an 18 hole golf course, tennis courts and Olympic sized swimming pool. RCS:dkw:0611:15 The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verifi ed prior to purchase or lease. Academy Sports + Outdoors Baytown, Texas SITE INFORMATION National and regional retailers in the immediate area include Wal-Mart Supercenter, (CONTINUED) Target, Home Depot, Lowe’s, Best Buy, Toys R Us, Kroger, Dollar General, Dollar Tree, AutoZone, Tractor Supply, Wells Fargo, O’Reilly Auto Parts, Walgreens and CVS Pharmacy, to name a few. The property is also located near several hotels/motels, including Marriott Springhill Suites convention center, Hampton Inn, La Quinta, Comfort Suites, Holiday Inn and Best Western. Also, within close proximity are several food outlets, including Chili’s Bar & Grill, Cracker Barrel, Denny’s, Jack-in-the-Box, Johnny Carino’s, McDonald’s, Golden Corral, Chick-fi l-A, IHOP, Popeye’s Chicken, Red Lobster, Sonic, Subway, Taco Bell, Waffl e House, Outback Steakhouse, Wendy’s and What-a-Burger. ABOUT THE BAYTOWN AREA Baytown is 23 miles east of downtown Houston off I-10. Located within the Houston–Sugar Land–Baytown metropolitan area, it also lies along State Highway 146. Baytown had an estimated population of 71,802 for the 2010 census. It is the fourth-largest city within the metropolitan area. Energy & Oil Services The Houston MSA is the energy capital of the United States. THE MAJOR GEOGRAPHIC CONCENTRATION OF THE ACTUAL PRODUCTION AND MANUFACTURING INVOLVED IN THESE ENERGY ACTIVITIES IS IN AND AROUND BAYTOWN. The corporate offi ces tend to be in downtown Houston. The following petroleum, natural gas, oil fi eld equipment manufacturers and service companies have their international or national headquarters in Houston: ConocoPhillips, Exxon- Mobil, Shell Oil, BP, Marathon Oil Corporation, Schlumberger, Halliburton, Apache Corporation and Citgo. The Greater Houston Partnership offers the following statistics for Houston’s energy sector. • There are over 3,300 energy related companies located in the Houston MSA. • Houston has 43 of the nation’s top 144 publicly traded oil and gas fi rms. • The Houston MSA has 23.2% of the US operable crude capacity. • 30% of the US jobs in oil and gas extraction are located in the Houston MSA. RCS:dkw:0611:15 The information contained herein has been given to us by the owner of the property or other sources we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. All information should be verifi ed prior to purchase or lease. Academy Sports + Outdoors Baytown, Texas ABOUT THE BAYTOWN AREA Houston has been called the Silicon Valley of the world’s oil industry due its (CONTINUED) concentration of engineers. The U.S. Bureau of Labor Statistics reports that Houston’s Location Quotient (“LQ”) for engineers is 1.94. This means that Houston has 94% more engineers than the average for a U.S. city. Houston’s LQs run as high as 17.02 for petroleum, mining and geological engineers, 4.70 chemical engineers and 2.79 civil engineers. Baytown is a prosperous industrial community with major corporations represented, such as ExxonMobil, Exxon Chemical, Chevron Phillips, Bayer, Amoco and more. There are more than 35 Baytown companies that, over the past ten years, have invested $1.75 billion into the community and created 2,200 jobs. The centerpieces of Baytown’s economy are three industrial districts the city has created. These districts primarily support petroleum and petrochemical processing. The anchors are ExxonMobil, with over 4,000 employees; Bayer, with 2,000, and Chevron Phillips, with 1,000.
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