Investment Overview

Marcus & Millichap is pleased to present the fee simple offering of an Academy Sports + Outdoors located along North Cedar Street in Belton, Missouri. Academy Sports + Outdoors operates over 300 stores across 21 states, making it one of the nation’s largest sporting goods and outdoor retailers. The subject property is a build-to-suit completed in 2014, comprising 58,472 square feet on 6.49 acres. The property incorporates prime visibility and frontage along Interstate 49 (61,875 vehicles per day) and exposed directly to 20,682 vehicles per day along Y Highway. The site is strategically positioned near major national retailers such as Hobby Lobby, Petco, Ross, Ulta Beauty, Old Navy and Cracker Barrel. The lease features seven years remaining on the initial term, with minimal landlord responsibilities limited to roof and structure, and includes $0.50/SF rent escalations every five years, continuing through the option periods. Belton, Missouri, located just 21 miles south of downtown Kansas City, is a growing suburb with strong investment fundamentals. The city benefits from steady population growth, a diversified economy anchored by logistics, manufacturing, retail, and healthcare, and affordable housing options. In 2023, Hillman Solutions opened a 305,000 square foot, three million dollar distribution facility, further solidifying Belton’s position as a regional logistics hub. The city’s estimated population of 25,861 marks a 6.2% increase since 2020 and a 19% increase since 2000, reflecting consistent long-term growth. With a median age of 35, Belton maintains a young, family-oriented demographic, and according to CoStar, the population within a one-mile radius of the property is projected to grow by 9% in the coming years.