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32442340
32442339

3720 BUFORD DR, BUFORD, GA 30519-4920

BM
GA 263081
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$13,050,000
33 days on market
Updated 3 days ago

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

BM
GA 263081
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
$0.00
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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Additional Information

Name
John Leonard
License
GA 252904
Brokerage
Marcus & Millichap
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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