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3851 Chapel Lane S - Field & Stream, Hoover, AL

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3851 Chapel Lane S - Field & Stream

Hoover, AL 35244-5069 - Hoover Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:2015
Building Size:50,302 SF Land Area:7.14 AC (311,018 SF)
For Sale Price:$12,600,000 Price/SF:$250.49
Cap Rate:5.75 %

Sale Notes:
Field & Stream is the newest banner of Dick' s Sporting Goods, Inc., and operates in a new store at Patton Creek under a 15 year lease. The lease is guaranteed by Dick' s Sporting Goods, Inc. and features $0.50psf rent increases every five years and includes four 5-year renewal options, each with $0.50psf rent increases.

Field & Stream at Patton Creek consists of a newly built 50,302 square Field & Stream specialty outdoor store, and provides qualified investors the opportunity to acquire long term, secure cash flow for a Class A retail property with excellent quality construction and finishes under a long term lease with a category-killer publicly-traded national chain tenant (parent company Dick' s Sporting Goods, Inc., NYSE: DKS). Field & Stream at Patton Creek is very well located in the Birmingham market, with interstate frontage on I-459, and it enjoys synergy with many of Birmingham' s top retail destinations.

Colliers International
Tony D'Ambrosio
(404) 574-1048

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