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1041 Nolan St, Brenham, TX, 77833

Academy Sports + Outdoors
$10,200,000

Key Information

Cap Rate
6.78%
$ per SF
$161
Tot. SF
63,224
Lot Size
5.97 Acres
Year Built
2023
Term Remaining
±13 YRS
Type
Retail
NOI
$692,303

Highlights

  • Long-Term Lease Term – The lease has approximately 12 years remaining on the base term, expiring in 2038, with three, 5-year renewal options.
  • Corporate Guarantee – Lease is corporately guaranteed, providing strong credit support for the owner.
  • Scheduled Rental Increases – Rent increases of $0.50 PSF occur every five years throughout the base term and option periods.
  • Limited Competition – The property is located more than 35 miles from the nearest Academy Sports + Outdoors location.
  • NNN Lease Structure – Passive, triple-net lease with minimal landlord responsibilities, offering a low-management investment profile.
  • National Credit Tenant – Academy Sports + Outdoors operates over 300 locations across 21 states, with planned expansion into Maryland and Pennsylvania in 2026.
  • Recent Construction – Newly constructed in 2023, minimizing near-term capital expenditures.
  • Steady Population Growth – Approximately 1% annual population growth within the one-mile and five-mile radius (2024).
  • Affluent Trade Area – The five-mile trade area is supported by a population exceeding 22,700 with average household incomes approaching $90,000.
  • Excellent Highway Access – Located directly off Highway 290, which carries traffic counts exceeding 30,000 vehicles per day.
  • Positioned Within Major Development – Situated within Market Square, a proposed 51-acre retail development.
  • Proximity to Major Retailers – Directly across from Brenham Crossing, featuring national tenants such as Marshalls, MOD Pizza, Five Below, Hobby Lobby, and PetSmart.
  • Near Blue Bell Center – Located near a major power center anchored by Walmart, Home Depot, Lowe’s, Dollar Tree, and Starbucks.
  • Adjacent to High-Performing QSR – Positioned behind a newly constructed Chick-fil-A.
  • Strategic Regional Location – Approximately halfway between Houston and Austin, and within 30 minutes of College Station.
  • Tourism Driver – Brenham is home to Blue Bell Creameries, a well-known regional attraction drawing visitors from across Texas.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
8300 Douglas Ave., Ste. 750, Dallas, TX 75225