Historical Industrial Sale Listing - Academy Sports & Outdoors | SE Dist. Facilty

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Academy Sports & Outdoors | SE Dist. Facilty

1 Academy Drive, Jeffersonville, GA 31044

N/A

1,298,650 SF | Industrial

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Industrial Property - Off Market

Price:
N/A
Building Size:
1,298,650 SF
Property Type:
Industrial
Property Sub-type:
Distribution Warehouse
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6.61%
Occupancy:
100%
Tenancy:
Single
Year Built:
2008
Clear Ceiling Height:
37 ft.
Lot Size:
136 AC
Listing ID
17069605
Last Updated
over 1 year ago

Utilities

Highlights

  • Academy Sports & Outdoors (www.academy.com) is the third-largest full-line sporting goods retailer in the United States
  • Academy is an investment grade tenant with Fitch BBB- and NAIC-2 credit ratings
  • Corporate-backed, absolute net lease with a 20-year initial lease term and four renewal options at 5 years each
  • NNN - No Landlord responsibilities whatsoever
  • Zero cash flow structure with fully-amortizing, non-recourse loan in place
  • The investment is ideal for tax-deferred 1031 or 1033 exchange buyers or non-exchange buyers

Description

Stan Johnson Company is pleased to offer for sale to qualified investors a newly-constructed industrial building located in Jeffersonville, Georgia.

The property serves as the Southeast distribution center of Academy Sports & Outdoors ("Company") and currently employs 577 people and distributes to 35 of the Company's stores.

In cooperation with David Akeman, a licensed Georgia broker.

The subject property is a 1,298,646 square foot facility, comprised of a 1,000,561 square foot floor plate, 275,875 square feet of usable mezzanine space and approximately 22,210 square feet of office and ancillary space. The property is located on approximately 136 acres of land located approximately 20 miles southeast of Macon, Georgia in Twiggs County. The site is situated at the intersection of Interstate Highway 16 and U.S. Highway 96.

The property serves as the Southeast distribution center of the Company and currently employs 577 people and distributes to 35 of the Company's stores. In the first quarter of 2011 the Company anticipates launching an ecommerce business via its website. The property will serve as the sole fulfillment point for the Company's online sales.

Map of 1 Academy Drive, Jeffersonville, GA 31044 (Twiggs County)

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Created 3/16/2011