Dick’s Sporting Goods

Tenant Description

Dick’s Sporting Goods is headquartered just outside of Pittsburgh, PA and is the largest sporting goods retail company in the United States. It operates in 1000+ stores, in 40+ states, and has 30,000+ employees. The company’s subsidiaries include Field & Stream and Golf Galaxy, and previously, Chelsea Collective and True Runner. It has spent 10 years on the Fortune 500 list and is currently ranked #359.

What To Look For When Buying A Dick’s Sporting Goods

How Good Is The Real Estate, Can You Potentially Re-Tenant This Big Box In The Future

What We Like About Dick’s Sporting Goods

Brand Recognition, Big Deal Size, One Of The Few Successful Companies In The Sports Apparel Sector

Competition

Under Armor, Nike, Adidas, Reebok, Academy Sports

What Is Sold In A Dick’s Sporting Goods

Sporting Equipment & Apparel

Dick’s Sporting Goods Website

https://www.dickssportinggoods.com/

Corporate Office Location

 345 Court St – Coraopolis, PA 15108

Fast Facts

Dick’s is able to promote brand awareness by sponsoring different sporting events and arenas. For the 2016 Summer Olympics and the Paralympics, Dick’s Sporting Goods offered their sponsorship to these athletes. They also sponsored the Pittsburgh Penguins along with their home arena PPG Paints Arena and the Pittsburgh Marathon. Additionally, they often sponsor ESPN’s college football kickoff week.

The company has recently launched a few lines of apparel, equipment, and accessories which are aimed towards outfitting sports teams.

Dick’s Team Sports HQ was launched at the beginning of 2016. It offers youth sports teams uniforms and sponsorship options along with sports teams websites.

Stock Price
Tenant News
Average Cap Rate Trend
7.75%
2019
8.0%
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$9,000,000
Avg. Annual Rental Income$700,000
Avg. Price/ SF$200/SF
Typical Lease TypeDouble Net
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating
S & PN/A
Moody'sN/A

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