Academy Sports & Outdoors

Academy Sports + Outdoors is a premier sports, outdoor, and recreation lifestyle retailer with a unique assortment of quality hunting, fishing and camping equipment and gear along with sports and leisure products, footwear, apparel, patio sets, barbecue grills and much more. The company operates stores throughout Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee and Texas, where the company is based.

The Academy Sports + Outdoors philosophy is to deliver an unparalleled shopping experience by providing convenience, offering a broad selection of quality products, delivering exceptional customer service and selling the right stuff at everyday low prices.

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Parent Company: KKR & Co. L.P
Store Count: 290
S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 10-15 Years Years

Lease Type: NN (Landlord responsbible for roof and structure

Lease Increases: 5%-6% every 5 Years

Lease Extensions: 2-3 (5) Year Options

Lease Guarantor: Corporate

Tenant Overview

Academy stores are typically located in areas withing strong retail corridors with favorable traffic counts, which are factors that help in the event of retenanting if necessary upon expiration. The typical size of these stores however (40,000 to 70,000 SF), the tenant pool for such locations is limited. It is therefore portantant to give special attention to the nearby retail, and price per square foot when evaluating this tenant.


  • Recognized Brand
  • NNN lease eliminates landlord responsibilities
  • Typically Long term leases with increases


  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

Market Snapshots:

On Market Ranges:

# of Properties in set: 7

Price: $7,146,010 - $8,725,660Average: $7,522,120

PPSF: $110 - $130Average: $119

Year Built: 2003 - 2017Average: 2013

CAP Rate Range: 7.14% - 8.05%Average: 7.59%

Size range: 58,472 sq ft - 71,640 sq ft Average: 63,769 sq ft

Last 12 Month Range:

# of Properties in set: 1

Price: $5,932,000 - $5,932,000Average: $5,932,000

PPSF: $87 - $87Average: $87

Year Built: 2003 - 2003Average: 2003

CAP Rate Range: 7.25% - 7.25%Average: 7.25%

Size range: 67,500 sq ft - 67,500 sq ft Average: 67,500 sq ft

Academy Sports & Outdoors Company Profile

Headquarters Information

Harris County, Texas

Founded in 1938

Company type: Private

Parent Company: KKR & Co. L.P

Sector: Sporting Goods

Industry: Retail

# of Employees: 17,000

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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