Madison, MS - Academy Sports

Description:

• The tenant currently has over 8 years remaining on their initial lease with 3 (5-Year) options to extend, demonstrating their commitment to the site
• The lease features $0.50 PSF rental increases every 5 years during the initial term and options, growing NOI and hedging against inflation
• Originally founded in 1938 as a family business in Texas, Academy has grown to more than 300 stores across 21 states and counting

• Located in a dense retail corridor, with numerous nearby national/credit tenants including Lowe’s, Office Depot, Kroger, Walmart Supercenter, Home Depot, Petco, Ulta, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Adjacent to a Hobby Lobby