Net Lease Academy Sports Property Profile and Cap Rates Date September 16, 2020
Net Lease Academy Sports – Typical Property and Lease Terms
| Price Range: | $7mm - $13mm |
| Cap Rate: | 7.15% |
| Net Income: | $125,000 |
| Price Per foot: | $100 PSF |
| Building Size: | 70,000 SF |
| Lot Size: | 6 Acres |
| Escalations: | 10% every 5 Years |
| Lease Term: | 15 Years |
| Lease Type: | NNN |
| Credit Rating: | Private |
Tenant Company Information:
Academy Sports and Outdoors, Inc., through its subsidiaries, operates as a sporting goods and outdoor recreational products retailer in the United States. The company sells a range of sporting and outdoor recreation products, including sporting equipment, apparel, footwear, camping gear, patio furniture, outdoor cooking equipment, and hunting and fishing gears primarily under the Academy Sports + Outdoors, Magellan Outdoors, BCG, O’rageous, and Outdoor Gourmet brand names. As of August 1, 2020, it operated 259 Academy Sports + Outdoors retail locations in 16 states and three distribution centers located in Katy, Texas, Twiggs County, Georgia, and Cookeville, Tennessee. The company also sells merchandise to customers via academy.com website. Academy Sports and Outdoors, Inc. was founded in 1938 and is based in Katy, Texas.
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