Academy Sports + Outdoors – Furman Capital Advisors

Academy Sports + Outdoors

4920 N Garland Ave, Garland, TX 75040

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CAP Rate:

NOI:

Units

Year Built / Renovated:

Rentable SF:

Lot Size:

6.75%

908,650

1

2013

71,830

6.59 acres

Investment Highlights

Desirable Tenant Lease Term: ±5.5 years remaining with (3) 5-year options and $0.50 PSF increases every 5 years.

Minimal Landlord Responsibilities: NNN lease with landlord only responsible for structure and roof “replacement”.

Desirable Tenant: Academy Sports & Outdoors is one of the nation’s largest full-line sporting goods and outdoor recreation retailers in the United States with 269 stores across 18 states. Over the last several decades, the company has grown substantially from its small beginnings. Sales reached $1 billion dollars in 2003, $2 billion dollars in 2007, $3 billion dollars in 2012, and $4 billion dollars in 2014. In fiscal 2022, sales reached $6.4 billion.

High Quality Retail Corridor: Located off President George Bush Turnpike (92,524 VPD) and on N Garland Ave (21,228 VPD), neighboring tenants include Target, Walmart, Sams Club, Michaels, PetSmart, Office Depot, Chick-fil-A, 7-Eleven, Wells Fargo, PNC Bank, Buffalo Wild Wing, Burger King, Arby’s, Red Robin, IHOP, and many more.

Highly Desirable Market: Located only ±20 miles from Dallas and ±54 miles from Fort Worth, Garland is one of Dallas’s most desirable suburban submarkets. Garland ranked No. 2 in Texas and 19th in the nation among “The Best Cities to Buy a Home Big Enough to Raise a Family” based on its low crime rate, great schools, six recreation centers and more than 40 parks with a 1/3/5 mile population of 15,050/122,929/312,975.

Booming Greater Market: Located only 20 miles from downtown Dallas, the City of Garland is located in the northeast region of the Dallas, TX area and is a part of the Dallas–Fort Worth metroplex (6,574,000 population). Garland is the third largest city (240,854 population) in Dallas County by population and is a thriving community with plenty of job opportunities (one of the largest manufacturing cities in Texas with more than 300 manufacturers).

For more information:

Robert Schmidt, CCIM

Director & Shareholder

(864) 678-5995

rschmidt@furmancap.com

Peter Couchell, CCIM

Managing Director & Shareholder

(864) 678-5923

couchell@furmancap.com

Documents

Property Summary

Property Type:

Retail

Property Subtype:

Storefront

Tenancy:

Single

Ownership:

Fee Simple (Land & Building)

Lot Size:

6.59 Acres

Year Built:

2013

Buildings:

1

Investment Summary

CAP Rate:

6.75%

NOI:

$908,650

Price per SF:

$187.41

Tenant Credit:

Corporate Guarantee

Lease Type:

NNN

Lease Expiration:

01/31/2029

Remaining Term:

5.5

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Confidentiality Agreement Form

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This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

Confidentiality Agreement

This Confidentiality Agreement will confirm the mutual understandings of the Undersigned and Owner of Record in connection with NAI Earle Furman, LLC, dba Furman Capital Advisors, LLC and its client (hereinafter referred to as "Protected Parties") providing proprietary information on the requested property (hereinafter called the “Property”) to the Undersigned:

“Information” means all data, reports, records, materials, lease expirations, lease rates or other lease information obtained from Furman Capital Advisors, LLC which is not in the public domain. Information is not meant to include information which: a) at the time of the disclosure is in the public domain; b) after disclosure becomes part of the public domain through no act or omission by the undersigned; c) as shown by written records was prior to disclosure in the possession of the undersigned; d) is rightfully received by the undersigned from third parties who were entitled to receive such information; or e) is obligated to be disclosed pursuant to applicable law, regulation or legal process.

The information is being furnished solely in connection with the consideration of a potential transaction involving the undersigned and shall be treated as “secret” and “confidential” and no portion of it shall be disclosed to others, except to those employees, agents, clients, and customers of the undersigned whose knowledge of the Information is required for use to evaluate that certain real estate as a potential acquisition and who shall assume the same obligations as the undersigned under this Agreement.

It is understood that the Protected Parties are the beneficiaries whose rights are being protected and may enforce the terms of this Confidentiality Agreement as if they were a party to the Agreement.

All information furnished shall be promptly returned or destroyed should there be no interest in that certain real estate acquisition, or otherwise disposed of as directed by the Protected Parties.

It is understood that the Protected Parties makes no representations or warranty as to the completeness or accuracy as to any information.

It is understood that by furnishing this information that the Protected Parties are not agreeing to enter into a transaction regarding the property.

By electronically signing, you represent and warrant to the other parties that (a) You have read, understand and consent to the agreement (“Agreement), (b) all information that you provide is complete and accurate, and (c) you own or have all rights and authority necessary to enter into and perform under the Agreement.

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