DICK’S Sporting Goods NNN Properties For Sale: Listings, Cap Rates and 1031 Buyer Guide

This page tracks DICK’S Sporting Goods net lease properties observed for sale in the United States, refreshed automatically from listing broker materials, checks the tenant against the investment grade threshold, and walks through how to evaluate one before you make an offer. If you want the corporate credit story, the DICK’S Sporting Goods credit rating and cap rate profile covers it. This page is about the inventory: what is on the market, what it is asking, how the pricing breaks down by term, state and lease type, and how a buyer, especially a 1031 exchange buyer, should work through it.

DICK’S Sporting Goods NNN Properties For Sale: Latest Listings

Up to twelve of the most recently listed single-tenant DICK’S Sporting Goods properties with published pricing. Open any listing and register for full property data, including the address, location map and an IG summary with due diligence questions.

Search all 3 DICK'S Sporting Goods properties on the market

Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Asking price, cap rate and NOI as published by the listing party. Information deemed reliable but not guaranteed. Verify all figures before relying on them.

What You Are Actually Buying

DICK’S Sporting Goods, Inc. operated 721 DICK’S stores at January 31, 2026, including 42 DICK’S Field House and 35 DICK’S House of Sport locations, and 888 stores in its DICK’S Business once Golf Galaxy, Going Going Gone! and Public Lands are included (DICK’S Sporting Goods Form 10-K for the fiscal year ended January 31, 2026). It completed its acquisition of Foot Locker on September 8, 2025, and operated 3,195 store locations across the DICK’S and Foot Locker Businesses at January 31, 2026.

DICK’S says it leases substantially all of its stores, and that its DICK’S stores generally have initial lease terms of 10 to 15 years with multiple five-year renewal options and rent escalation provisions. During fiscal 2025 it relocated or converted 26 DICK’S stores into its Field House and House of Sport formats, so a store’s place in that program can matter to a landlord. The median building in the current inventory is 45,000 square feet.

Across the current inventory, 0% of listings with a reported build year were delivered in the last four years, and 100% are marketed as NN, NN+ or simply Net, which usually means the landlord retains roof and structure and sometimes parking and HVAC. Read the lease rather than the brochure headline. If the rating framework behind investment grade tenancy is unfamiliar, the investment grade guide explains it.

DICK’S Sporting Goods Cap Rate, Price and Term Distribution

These tables are generated from the live inventory and refresh every few hours. Use them to place any individual listing in context rather than judging an asking cap rate in isolation.

How to read the pricing

The spread inside the DICK’S Sporting Goods inventory runs from 6.36% to 8.00%, against a median of 8.00%. Three variables help explain much of that spread, although these tables describe asking prices and do not isolate any single effect. First, remaining term, shown in the term table above. Second, geography, shown in the state table below. Third, lease structure and real estate quality: longer terms, stronger guarantors, absolute NNN structures and strong access generally ask lower cap rates, while leases with landlord responsibilities (NN) and secondary access generally ask higher ones; ground leases can price on either side, depending on rent and land value. When a listing sits far outside the band its term and state would predict, there is usually a reason in the lease, and it is worth finding before you write the offer rather than after.

Where DICK’S Sporting Goods NNN Properties Are For Sale

Current inventory spans 3 states. Differences between states in the table below can reflect local buyer demand, growth, taxes and the mix of lease terms in each state’s listings as much as anything about the tenant, and small state samples can shift quickly.

DICK’S Sporting Goods as a 1031 Exchange Replacement Property

The median asking price in the current DICK’S Sporting Goods inventory is $8.48M, and about 0% of listings fall between 1.5 and 3.5 million dollars. Whether that fits an exchange depends on the equity coming out of the relinquished property and on the debt you need to replace. The points below are general information, not tax or legal advice; confirm your own situation with your qualified intermediary and tax advisor.

• Identify from the live list, not a stale one. Listings move. Replacement property must be identified within 45 days of the sale of the relinquished property (Internal Revenue Code section 1031(a)(3)), and the three-property rule in Treasury Regulation section 1.1031(k)-1(c)(4) lets you identify up to three properties regardless of value, so keep a backup that is realistically still available.
• Debt replacement matters. Liabilities on the relinquished property that the other party assumes, or that the property is transferred subject to, are treated as money received, and they can be offset by liabilities on the replacement property and by cash the taxpayer adds (Treasury Regulation section 1.1031(d)-2). Where lender pricing sits above the asking cap rate, financed acquisitions run negative leverage, so run your debt numbers before you identify.
• Term should match your hold. If you plan to hold through the next exchange or pass the asset to heirs, weigh remaining term and options alongside cap rate.
• Certainty of closing matters. The replacement property must be received within 180 days of the sale, or by the due date, including any extension, of the tax return for the year of the sale if that comes first (Internal Revenue Code section 1031(a)(3)). A clean estoppel, a current lease and no pending relocation reduce closing risk.

For identification mechanics, timelines and the NNN, DST and UPREIT alternatives, see the 1031 exchange into investment grade property guide.

DICK’S Sporting Goods NNN Due Diligence Checklist

These are the items that change the value of a DICK’S Sporting Goods listing and are rarely resolved by the offering memorandum.

• Tenant entity and guaranty. Identify the exact DICK’S entity on the lease and any guaranty from DICK’S Sporting Goods, Inc.
• Relocation and format changes. Ask whether the store is a candidate for relocation into a larger DICK’S House of Sport or Field House format, and review any early termination or relocation rights in the lease.
• Shopping center provisions. If the store sits in a shopping center, review co-tenancy, reciprocal easement and operating covenant provisions, and confirm who controls parking and common areas.
• Landlord responsibilities and options. Confirm which party maintains the roof, structure and parking lot, and the number, length and rent of the remaining renewal options.

How Investment Grade Works With DICK’S Sporting Goods Buyers

Investment Grade Income Property, LP is a licensed commercial real estate brokerage providing national advisory on acquisitions and dispositions of net lease property, with Broker of Record co-listing partnerships in all 50 states. On a DICK’S Sporting Goods acquisition we screen the live inventory against your criteria, pull the lease abstract behind any listing you want to pursue, benchmark the asking cap rate against the distribution above, and negotiate on your side of the table through closing. On the majority of transactions, there is no separate fee to you as the buyer, because compensation is paid from the transaction by the listing side. Where that is not the case we disclose it in writing before you engage.

Owners of existing DICK’S Sporting Goods properties can use this page as a valuation benchmark. If you are weighing a sale, we can discuss an off-market sale to a qualified 1031 buyer as well as a broad marketing process.

Frequently Asked Questions

• DICK’S Sporting Goods Credit Rating and NNN Cap Rate Profile
• NNN Cap Rates 2026: Tenant by Tenant Benchmarks
• 1031 Exchange Into Investment Grade Property
• Investment Grade Credit Tenant Ratings
• Search All Observed NNN Listings