Academy Sports & Outdoor

Tenant Description

Founded in 1938, Academy Sports & Outdoors is a premier sports, outdoor, and recreation lifestyle retailer. They offer a unique assortment of equipment and clothing for fitness training, clothing, footwear, camping equipment, and much more.

Academy Sport & Outdoors operates 250+ stores in 15+ states throughout the South and Southwest. Academy Sport & Outdoors was acquired by the private equity firm Kohlberg Kravis Roberts & Co L.P. in August 2011.

What To Look For When Buying An Academy Sports & Outdoors

Potential Difficulty Re-Tenanting Such A Large Space

What We Like About Academy Sports & Outdoors

Big Deal Size, Strong Company

Competition

Dicks Sporting Goods, Hobby Lobby

What Is Sold In An Academy Sports & Outdoors

Hunting, fishing, and camping equipment and gear along with sports and leisure products, footwear, and apparel

Academy Sports & Outdoors

https://www.academy.com/

Corporate Office Location

1800 N Mason Rd – Katy, TX 77449

Fast Facts

Academy Sports & Outdoors operates the fourth largest chain of retail sporting goods “megastore” outlets in the United States.

As of January 2019 Annual sales exceed $4.5 Billion

Ranked #251 on Forbes America’s Best Employers 2019
Ranked #83 on Forbes America’s Largest Private Companies 2018
Ranked #215 on Forbes Best Employers For Women 2018
Academy Sports & Outdoor – Tenant News
Academy Sports & Outdoor - Tenant News
Average Cap Rate Trend
7.25%
2019
7.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$8,500,000
Average Annual Rental Income$600,000
Avg. Price/ SF$140/SF
Typical Lease TypeDouble Net
Typical Lease Term15 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A
Moody'sN/A

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