Academy Sports and Outdoors NNN Property For Sale
This offering presents an exceptional opportunity to acquire a net-leased Academy Sports property. Academy Sports and Outdoors, Inc. is a prominent sporting goods and outdoor recreational products retailer operating 259 locations across 16 states. The company offers a wide array of products including sporting equipment, apparel, footwear, and camping gear under various well-known brands. This investment asset features favorable lease terms and is backed by a reputable tenant with a strong market presence.
- Asking price $10.00M
- 7.15% cap rate
- NOI $125,000
- 15 years remaining
- NNN lease
- Building size: 70,000 SF
- Lot size: 6.00 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Asset type: Retail