Academy Sports + Outdoors

  • NNN (Triple net)
Ardmore, OK
Location: Oklahoma


Offering Memorandum
  • Building Size: sq/ft
  • Cap Rate: 7.00% %
  • Status: Available
$7,148,000.00

Property Information

  • Type: Retail
  • Net Operating Income : $500,397
  • Price per sq/ ft : $113.56
  • Net Cash Flow - Current : 7.00%
  • Lot Size : 18.85 acres
  • Year Built : 2018
  • Building Size : 62,943 SF
  • Cap Rate : 7.00%
  • Down Payment : All Cash
  • Status : Available

Investment Overview

Academy Sports + Outdoors is located at 12th Northwest and Commerce Avenue in Ardmore, Oklahoma.

Academy Sports + Outdoors is an American sporting goods discount store chain. Academy carries an extensive line of name-brand equipment and clothing and shoes for competitive sports, physical fitness training, and outdoor recreational activities such as camping, hunting, fishing, and boating. Academy Sports and Outdoors has its corporate offices in the Katy Distribution Center in unincorporated western Harris County, Texas, United States, near Katy and west of Houston. For 74 years it was a privately held company owned by the Gochman family, until its May 2011 acquisition by the long-time Wall Street investment firm Kohlberg Kravis Roberts. Academy operates about 290 stores throughout Alabama, Arkansas, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas.

Ardmore is a business, cultural and tourism city in and the county seat of Carter County, Oklahoma. As of the 2010 census, the city had a population of 24,283, with an estimated population of 24,950 as of 2013. The Ardmore metropolitan statistical area had an estimated population of 48,491 in 2013. The population within 50 miles of Ardmore is estimated to be 345,519 in 2017. Ardmore is located 90 miles equidistant from Oklahoma City and Dallas/Fort Worth, Texas, at the junction of Interstate 35 and U.S. Highway 70 and is generally considered the hub of the 10-county region of South Central Oklahoma, also known as Arbuckle Country and Lake and Trail Country.

Investment Highlights

▪ NN Lease to Academy Through 2/2033
▪ B3 (Moody’s) Credit Rating
▪ Academy Corporate Guaranty
▪ Three (3) Five-Year Options

Facilities

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Contact Agent

Geoff Ficke

First Vice President Investments Director, Net Leased Properties National Office and Industrial Properties

License: TX 0593051

Dylan Holmes

Pharmacy Specialist Net Leased Properties

License: 674182