This Boot Barn features brand new 2018 construction, and has a new ten (10) year lease term including four (4), five (5) year options.
The lease provides for 10% rental increases every five (5) years.
The lease is signed by Boot Barn, Inc., the largest and fastest-growing lifestyle retail chain devoted to western and work-related footwear, apparel and accessories in the United States.
The lease structure is double net (NN), with minimal landlord responsibilities.
Boot Barn has strong frontage on Interstate 55.
The subject property is surrounded by significant big box retail, which helps drives traffic to the store. Nearby stores include Walmart Supercenter, Target, The Home Depot, Olive Garden, Lowe’s, multiple hotels and The Salvation Army, among many others.
Jackson State University (JSU) is the fourth largest state-supported institution in Mississippi. It is located just 15 minutes (8 miles) from the subject property, and enrolls nearly 9,000 students annually.
The Dixie National Rodeo and Livestock Show is the largest rodeo east of the Mississippi and is held in Jackson at the Mississippi State Fairgrounds Coliseum. The event attracts over 100,000 people with an economic impact of $20 million. The fairgrounds are located just 12 minutes away from the subject property.
The subject property is surrounded by 12 industrial facilities, each employing between 350-6,400 people. Boot Barn offers work wear catering to those employees, implying a built-in customer base.