Academy Sports - Tupelo, MS

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in a freestanding Academy Sports + Outdoors located at 848 Barnes Crossing Road in Tupelo, MS (“Property” or “Asset”).

The Property is operating on a 20-year absolute NNN lease with ±11.4 years of primary lease term remaining. The lease features four, five-year renewal options and a $0.38/SF rental escalation every 5-years. The Property was initially constructed as a build-to-suit for the Tenant in 2016.

Academy is within Tupelo’s primary retail corridor, surrounded by five dominant shopping centers that generate more than 12.8 million combined visits annually. Notably, The Asset generates 875.6K visits annually and is the #1 most visited Academy location in Mississippi and ranks in the top 5% of most visited Academy locations across the nation. The Asset is the only Academy Sports location within a 50-mile radius (Placer.ai).