

Listed by Marcus & Millichap - Atlanta
$13,050,000
Academy Sports + Outdoors
Details
Property Type Retail
Square Footage 63,008
Net Rentable (SqFt) 63,008
Units 1
Cap Rate 6.76%
NOI $882,112
Occupancy 100%
Tenancy Single
Brand/Tenant Academy Sports + Outdoors
Lease Type NN
Lease Term 15.2
Lease Expiration 02/28/2035
Remaining Term 8.7
Rent Bumps Yes
Lease Options 3, 5-Year Options
Price per SqFt $207
Broker Co-Op True
Year Built 2019
Stories 1
Acreage 5.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/05/2019
Ground Lease No
Atlanta MSA (Buford, GA) | Near #1 Mall in GA (Mall of GA) | Dense Retail Corridor (98K ADT)
Marketing description
LOCATION: LOCATED IN BUFORD, GEORGIA, A HIGHLY AFFLUENT AND HIGH GROWTH MARKET LOCATED APPROXIMATELY 35 MILES NORTHEAST OF DOWNTOWN ATLANTA
- Located in one of the most-dense retail corridors in the state of Georgia off heavily trafficked Buford Drive- over 98,000 cars/day on Buford Drive
- Located approximately 1 mile from Mall of Georgia- Mall of Georgia is 1.8M SF with over 225 stores- per placer.ai, Mall of Georgia had over 7.3M visitors the past 12 months which ranks as the #1 mall in the state of Georgia and the #6 mall in the U.S.
- Nearby traffic generators in the immediate area include: Walmart, Home Depot, Lowe’s, Costco, Sam’s Club, Hobby Lobby, Best Buy, Target, T.J.Maxx/HomeGoods, Sprouts, Marshall’s, and several auto-dealerships including Porsche, Volvo, Carmax, Honda, Buick, Mazda, Toyota, and Nissan
- Located approximately a quarter mile off Interstate 985- over 73,000 cars/day
- Buford is home to Lake Lanier- most visited federally operated lake in the U.S. with over 19M visitors- over $5.5B estimated annual economic impact
- Currently there are nearly 150,000 residents within a 5-mile radius with an expected growth rate of over 5.0% over the next 5 years
- Average Household Income is over $120,000 within 5 miles, over $118,000 within 3 miles
- Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies (15) that include UPS, Delta, Coca-Cola, and Home Depot
- Currently there are over 6.3M residents in the Atlanta MSA with an expected growth of 3.3% over the next 5 years- Median Household Income in the Atlanta MSA is $97,000, compared to the national average of $76,000
- Atlanta is home to the world’s busiest airport by passenger volume with over 106M passengers in 2025
TENANT: STRONG CORPORATE GUARANTEE FROM ACADEMY SPORTS + OUTDOORS
- Academy Sports, based in Katy, TX and founded in 1938, currently operates over 320 locations across 21 states- recently expanded into two additional states (PA & MD)
- In 2025, Academy Sports posted revenue of $6.05B, which was a year-over-year growth of 2.0%, and a net worth of $2.075B
LEASE TERMS & CONSTRUCTION: LONG-TERM NET LEASE WITH INCREASES
- Academy Sports signed a long-term 15-year NN Lease in 2019 that expires on February 28, 2035
- $.50/SF increases every 5 years, including the three (3), five (5) year options- next increase is March 1, 2030
- State of the art 63,000 SF building that was constructed in 2019
- Large Lot- total of 5.059 acres
- Below replacement cost- at list price, price/SF is only $207/SF
Listing Contacts


Listed by Marcus & Millichap - Atlanta
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$882,112.00
$73,509.33/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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