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Department Store

Hibbett Sports

1365 W Market St, Bolivar, TN 38008

Listing Price: $386,373

Cap Rate
7.50%
Tenant Name
Hibbett Sports
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.44

Investment Overview

Hibbett Sports (NYSE: HIBT) was founded in 1945 and has been a publicly traded company since 1996 • In 1945 Rufus Hibbett, a high school coach and teacher in Florence, Alabama, founded Dixie Supply Company, a retailer of athletic, marine, and aviation equipment. When his two sons joined the business in 1952, Rufus changed the company's name to Hibbett & Sons and focused operating strategy on merchandise for team sports. In the mid-1960s, the company further refined its retail strategy and changed its name to Hibbett Sporting Goods, Inc. • The Company offers a range of athletic equipment, footwear and apparel. Its stores concepts are Hibbett Sports (NYSE: HIBT), Sports Additions, Sports & Co. and Hibbett Team Sales, Inc. • Hibbett Sports (NYSE: HIBT) annual revenue for 2022 was $1.7B, a 1.01% growth from 2021 • Hibbett Sports (NYSE: HIBT) has an estimated 4,350 employees, and the revenue per employee ratio is $392,716. • Hibbett Sports’ (NYSE: HIBT) revenue growth from 2005 to 2022 is 288.02% with a market valuation of $660 million • In June 2014, the Hibbett Sports acquired 51% interest of Golden Gate Electronics Limited. Golden Gate Electronics Limited has three main business models as Solutions Group, Agency Department and trading department on electronics industry. Solutions Group is a systematic design house offering highly-customized design-in and turn-key solution for consumer multimedia electronic, industrial control fields, automotive and telecommunication .

Investment Highlights

  • CORPORATE GUARANTEE (NYSE: HIBB) $660 MILLION NET WORTH | MORE THAN 1,000 LOCATIONS ACROSS THE COUNTRY
  • 12+ YEAR OPERATING HISTORY | RECENT CORPORATE LEASE EXTENSION | RARE & HIGH INCREASES IN RENT
  • DEPRECIATION BENEFITS | SUCCESSFUL TENANT | BUSINESS MODEL | PUBLICLY TRADED COMPANY
  • TAX FREE INCOME STATE | STRONG TRAFFIC COUNTS | DENSE TRADE AREA SURROUNDED BY NATIONAL RECOGNIZED TENANTS

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Department Store

Hibbett Sports

Listing Price: $386,373

Cap Rate
7.50%
Tenant Name
Hibbett Sports
Years Remaining On Lease
2.6
Guarantor
Corporate Guarantee
Rentable SF
4,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$6.44

Investment Highlights

  • CORPORATE GUARANTEE (NYSE: HIBB) $660 MILLION NET WORTH | MORE THAN 1,000 LOCATIONS ACROSS THE COUNTRY
  • 12+ YEAR OPERATING HISTORY | RECENT CORPORATE LEASE EXTENSION | RARE & HIGH INCREASES IN RENT
  • DEPRECIATION BENEFITS | SUCCESSFUL TENANT | BUSINESS MODEL | PUBLICLY TRADED COMPANY
  • TAX FREE INCOME STATE | STRONG TRAFFIC COUNTS | DENSE TRADE AREA SURROUNDED BY NATIONAL RECOGNIZED TENANTS

Investment Overview

Hibbett Sports (NYSE: HIBT) was founded in 1945 and has been a publicly traded company since 1996 • In 1945 Rufus Hibbett, a high school coach and teacher in Florence, Alabama, founded Dixie Supply Company, a retailer of athletic, marine, and aviation equipment. When his two sons joined the business in 1952, Rufus changed the company's name to Hibbett & Sons and focused operating strategy on merchandise for team sports. In the mid-1960s, the company further refined its retail strategy and changed its name to Hibbett Sporting Goods, Inc. • The Company offers a range of athletic equipment, footwear and apparel. Its stores concepts are Hibbett Sports (NYSE: HIBT), Sports Additions, Sports & Co. and Hibbett Team Sales, Inc. • Hibbett Sports (NYSE: HIBT) annual revenue for 2022 was $1.7B, a 1.01% growth from 2021 • Hibbett Sports (NYSE: HIBT) has an estimated 4,350 employees, and the revenue per employee ratio is $392,716. • Hibbett Sports’ (NYSE: HIBT) revenue growth from 2005 to 2022 is 288.02% with a market valuation of $660 million • In June 2014, the Hibbett Sports acquired 51% interest of Golden Gate Electronics Limited. Golden Gate Electronics Limited has three main business models as Solutions Group, Agency Department and trading department on electronics industry. Solutions Group is a systematic design house offering highly-customized design-in and turn-key solution for consumer multimedia electronic, industrial control fields, automotive and telecommunication .

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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