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Net Lease Dick's Sporting Goods

Net Lease Dick’s Sporting Goods Property Profile and Cap Rates

Date April 19, 2017

Net Lease  Dick’s Sporting Goods– Typical Property and Lease Terms


Price Range:$7 mm - 14 mm
Cap Rate:6.25%
Net Income:$600,000
Price Per foot:$200 PSF
Building Size:45,000 SF
Lot Size:4 Acres
Escalations:10% every 5 years
Lease Term:10 Years
Lease Type:NN
Credit Rating:Not Rated


Tenant Company Information:

Dick’s Sporting Goods, Inc., incorporated on November 25, 1996, is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships. The Company offers its products through a content-rich e-commerce platform that is integrated with its store network and provides customers with the convenience and expertise of a 24-hour storefront.

The Company offers products to its customers through its retail stores and online. The Company offers hardlines, which include items, such as sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear. As of January 28, 2017, the Company operated 797 stores in 47 states. As of January 28, 2017, the Company operated 91 golf specialty stores in 32 states and 27 Field & Stream stores in 13 states. Combo stores are included within the Dick’s Sporting Goods, Golf Galaxy and Field and Stream store counts. As of January 28, 2017, the Company operated 12 combo stores. As of January 28, 2017, the Company operated a 914,000 square foot distribution center near Atlanta, Georgia; a 725,000 square foot distribution center in Plainfield, Indiana; a 601,000 square foot distribution center in Smithton, Pennsylvania; a 624,000 square foot distribution center in Goodyear, Arizona, and a 670,000 square foot store support center in Coraopolis, Pennsylvania.