2900 Derek Dr, Lake Charles, LA 70607

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Building Details:

• Year Built: 2015

Stirling Properties is pleased to present the opportunity to acquire the fee simple interest (land & building) in a new Academy Sports + Outdoors located in Lake Charles, Louisiana. This offering features 15 year, triple net lease term with approximately 14 years of remaining guaranteed term. The lease features rental increases ($0.50/sf) every 5 years during the primary term as well as during the three 5-year renewal options.

Academy Sports + Outdoors is a privately held company and of the nation's largest sporting good retailers. They currently operate over 200 stores across 15 states in the South and Midwest.

The property is ideally positioned adjacent to Lake Charles Power Center. The center's tenants include Michael's, Old Navy, Forever 21, rue21, dressbarn and Shoe Carnival. Other area retailers include Walmart, Lowes, Home Depot, Conn's, Office Depot, PetSmart, United Artists Theatre, Dollar Tree, Hobby Lobby, Big Lots and Toys R Us.