Houston, TX (December 15, 2016) –
A 70,874 square foot Net Leased Academy Sports + Outdoors – Houston, TX sold for an undisclosed amount.
Academy Sports + Outdoors is a premier sports, outdoor and lifestyle retailer with a broad assortment of quality hunting, fishing, and camping equipment and gear along with sports and leisure products, footwear, apparel and much more. The Texas-based company operates over 230 stores in 16 states throughout the South, Southeast and Midwest. The Academy Sports + Outdoors philosophy is to deliver an unparalleled shopping experience by providing convenience, offering a broad selection of quality products, delivering exceptional customer service and selling the right stuff at every day low prices.
Academy Sports + Outdoors is one of the nation’s largest sporting goods and outdoor stores. It is currently owned by funds advised by Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates, “KKR”), a leading global investment firm, and led by CEO and President Rodney Faldyn. Prior to August 2011, the company was owned by the Gochman Family and led by Chairman and CEO David Gochman. David’s grandfather, Max Gochman, started Academy Sports + Outdoors over 70 years ago when he opened Academy Tire Shop in 1938 in San Antonio, Texas. After a few years, Max began selling military surplus, and the store continued to evolve into what it is now a premier sports, outdoor and lifestyle retailer with a broad assortment of high-quality hunting, fishing and camping equipment and gear along with sports and leisure products, footwear, apparel and much more. Over the last several decades, the company has grown substantially from its small beginnings. Sales reached one billion dollars in 2004, two billion dollars in 2007, and three billion dollars in 2012. Today, annual sales exceed $3.9 billion.
Our Mission and Vision
The Academy Sports + Outdoors vision is to be the premier sports, outdoor and lifestyle store of choice, continuously adapting to our customers’ changing needs. The company’s mission is comprised of three parts. The first is to deliver an unparalleled shopping experience by providing convenience, offering a broad selection of quality products, delivering exceptional customer service, and selling at everyday low prices. The second is to know our customers. Customers are our number one priority as we strive to be the retail destination they can trust. The third is to respect our associates by creating opportunities for personal growth and career advancement, while promoting teamwork in an enjoyable and rewarding work environment.http://www.academy.com
See more about Academy Sports + Outdoors including average trading prices, lease details and cap rates.