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Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

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Key Facts

Building Area
Land Area ()

Property Description

JLL is pleased to exclusively offer the opportunity to acquire two single-tenant properties (the “Properties” or “Portfolio”) corporately leased to Academy Sports + Outdoors (the “Tenant”) in Greenville, NC and McDonough, GA with a portfolio WALT of 11 years remaining. Each property features minimal landlord responsibilities and the opportunity to acquire fee-simple real estate on secure, long-term leases. The Tenant recently went through an IPO process in Q4 2020 and has since received multiple credit rating upgrades, with a current rating of B1 / Stable (Moody’s). At 259 locations nationwide, Academy Sports + Outdoors carries a wide range of quality hunting, fishing, and camping gear, as well as patio sets, barbeque grills, and sporting & recreational equipment from renowned brands. Headquartered in Katy, Texas, Academy Sports + Outdoors is one of the nation’s largest sporting and outdoor stores.

Investment Highlights

  • ACADEMY SPORTS + OUTDOORS TENANCY W/ RECENT CREDIT UPGRADES & SIGNIFICANT YoY GROWTH
  • PORTFOLIO WALT OF 11+ YEARS WITH ATTRACTIVE NET LEASE STRUCTURE
  • HIGH TRAFFIC COUNT LOCATIONS IN PREMIER REGIONAL RETAIL TRADE AREAS
  • TOP PERFORMING STORES
  • HIGH GROWTH SOUTHEAST CITIES WITH STRONG SURROUNDING DENSITY
  • NEARBY ECONOMIC DEMAND DRIVERS 
Last Updated Date: 03 Mar 2021
Coler Yoakam
Coler Yoakam
Senior Managing Director, Net Lease Platform Leader
License details
TX-0592885
Alex Sharrin
Alex Sharrin
Managing Director, Capital Markets
License details
IL - 475.170243

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Last Updated Date: 03 Mar 2021

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