JLL is pleased to offer qualified investors the opportunity to purchase the fee simple interest in the Academy Sports + Outdoors Distribution Center (“the Property”), a 1,500,596 square foot industrial facility that serves as Academy’s distribution headquarters in Katy, TX. 100% leased to Academy Sports + Outdoors (“the Tenant”) with 8.6 years of remaining term, Academy has occupied this site as their national headquarters since 1990 and in 2014 constructed a 210,000 square foot Class-A office building for their corporate HQ (office building not included in the Offering). The entire campus serves as a mission critical facility for the publicly traded retailer and employs over 2,800 individuals. The 1,500,596 square feet of industrial spaces was constructed across multiple phases spanning from 1973 to 2011 and serves 120 retail locations in Texas, Louisiana, and Oklahoma. The Katy distribution HQ is the largest of Academy’s three distribution centers that service 18 states and 268 retail stores. The Property features 15.83 acres of paved trailer parking along with ±800,000 SF of mezzanine space (not included in the GBA). Since Academy’s Initial Public Offering in October 2020, the Fortune 500 company’s market capitalization has increased by 5.5x in less than three years as a result of their successful retail store openings, year-over-year revenue growth, and healthy balance sheet. Located within the Houston MSA, Katy has experienced 48% population growth over the past decade as Houston’s westward migration trend continues. The West Houston industrial market has been an enormous beneficiary of this population growth demonstrated by the presence of users and owners such as Amazon, Prologis, Exeter, & EastGroup immediately proximate to the Property. The Property’s location in West Houston and accessibility to Interstate 10 allows the tenant to easily serve a population of 25 million (Austin, San Antonio, Dallas, and Houston) all within a 5-hour drive.