Academy Sports NNN
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For Sale
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150 McBride Lane, Paducah, KY 42001
Purpose-built retail facility occupied by Academy Sports + Outdoors under a NN lease with limited landlord obligations.
Property Size63,853 SF
Price / SF$146.43
Days on Market6
Property Features for 150 McBride Lane
General Information
Standard status
Active
Size
63,853 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$654,493
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
Saga International Realty
Listed By:
Lyndon Yao · License #677937
Source:
Crexi
Added: Aug 5
Changed: Aug 10
Last Checked: Aug 10 at 2:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Saga International Realty
Investment Insights
Based on property information with market context.
The 63,853-square-foot retail property at 150 McBride Lane in Paducah, Kentucky, was completed in 2017 for Academy Sports + Outdoors. The facility is occupied by a single tenant under a 15-year NN lease, with approximately 7 years remaining in the firm term and three 5-year extension options.
Landlord responsibilities are limited to the foundation, including the slab, the roof except for non-structural roof-surface components, and the building’s structural soundness. The roof carries a 15-year warranty. The lease also provides for $0.50 PSF rental increases every 5 years during the initial and option periods.
Landlord responsibilities are limited to the foundation, including the slab, the roof except for non-structural roof-surface components, and the building’s structural soundness. The roof carries a 15-year warranty. The lease also provides for $0.50 PSF rental increases every 5 years during the initial and option periods.
Key Highlights
- 63,853‑square‑foot retail facility completed in 2017
- Occupied by Academy Sports + Outdoors as the sole tenant
- 15‑year NN lease with approximately 7 years of firm term remaining
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$698,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,961,580
$14.0M
Cap Rate 7%
$9,972,557
$10.0M
Cap Rate 9%
$7,756,433
$7.8M
Market Conditions
NOI Build-Up for 63,853 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.05M $16.44/SF
− Vacancy
−$52.5K −$0.82/SF
EGI
$997.3K $15.62/SF
− OpEx
−$299.2K −$4.69/SF
NOI
$698.1K $10.93/SF
Area
McCracken County, KY
Vacancy
5.00%
Lease Rate
$16.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,961,580
Cap Rate 7%
$9,972,557
Cap Rate 9%
$7,756,433
Alternative Uses
Best Use
Retail
$9.97M
$8.73M – $11.63M
NOI $698,079 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$13.30M
$11.64M – $15.52M
NOI $931,295 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
716
Businesses Nearby
913k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Apparel 23%
Shops & Services 21%
Superstores 15%
Walmart
Superstores
136,578 visits/mo
0.4 miles
Academy Sports + Outdoors
Apparel
56,801 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
53,113 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
48,620 visits/mo
0.5 miles
Five Below
Shops & Services
43,601 visits/mo
0.3 miles
Demographics for 42001, KY
31,579
Population
14,815
Households
2.1
Avg Household Size
41
Median Age
36%
College-Educated
94%
High-School Grad
74.2 sq mi
ZIP Area
426
Density / Sq Mi
$68,868
Median Household Income
$42,334
Median Earnings
$916
Median Rent
$210,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Purpose-built retail facility occupied by Academy Sports + Outdoors under a NN lease with limited landlord obligations.
Where is this nnn property located?
The property is located at 150 McBride Lane Paducah, KY.
What is the asking price?
The asking price for this property is $9,349,903.
What are key features of this property?
This property features: 63,853‑square‑foot retail facility completed in 2017; Occupied by Academy Sports + Outdoors as the sole tenant; 15‑year NN lease with approximately 7 years of firm term remaining
