5635 SE 15th St
Midwest City, OK 73110
Academy Sports + Outdoors · Retail Property For Sale

EXP Realty Advisors exclusively presents for sale a best-in-class retailer located four miles from the largest US military base in the world. The property is adjacent to Hobby Lobby, Burlington Coat Factory and across from the leading Walmart Supercenter in the region with $145 million dollars in annual sales. Home Depot is across the street and a new Warren Theater is being constructed in the center next to the new Burlington Coat Factory. Academy is only paying $10.00 psf which is one of the lowest rents for a new Academy. Academy Sports leads the Sporting Goods industry in sales per store with average sales of $25 million per store or $314 per square foot. Applying that to this location the rent to sales ratio would be 2.5%. Academy has 225 stores in 16 states and is owned by KKR which has an “A” S&P credit rating. Murphy Oil and Chick-fil-A are going in on pad sites at the center and several food tenants are going into the inline space near the theater. The city has provided $22 million in TIF financing for improvements on the corner including $18 million into this center. This translates into lower rents and more profitability for the tenants. The city also facilitated the sale of the GM plant to Boeing for the operation of the new Pegasus KC-46a tanker which is bringing 1,200 new jobs to the area. Tinker Air Force Base is 4 miles away and is the largest US military base in the world. The base is the only service point for AWACS airborne command and control aircraft globally. Tinker sits on 5,500 acres and employs more than 26,000 people and is responsible for 32,000 additional spinoff jobs. The base has an annual economic impact of over 3.6 billion dollars. The Academy Sports is located in Midwest City and is part of the Oklahoma City Metropolitan Area. There is significant population growth predicted for the period between 2017 and 2022 in the immediate area surrounding the subject property. Oklahoma City is the state capitol and the largest metropolitan area in the state.