| Metric | Details |
|---|---|
| Entity / Legal Name | Dunham’s Athleisure Corporation (operates as Dunham’s Sports) |
| Ownership | Privately held |
| Credit Ratings | no verified rating |
| Investment Grade Status | Not Yet Verified |
| Sector | Sporting Goods & Outdoor Retail |
| US Store Count | Over 260 in 26 states (company website, October 2026) |
| Median asking cap rate | See the live table below |
| Typical Lease Term | Varies; confirm term, rent schedule and expense structure in each lease |
| Guarantee Type | Varies; confirm the tenant entity and any guaranty in each lease |
| Building Size | Large format; varies by location, so confirm for the property |
Dunham's Sports: no confirmed agency rating. No rating for Dunham's Sports has been verified against a primary source (an agency rating action or an issuer filing), so none is shown. If a rating is verified, it will appear here. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
Dunham’s Sports Business Overview & NNN Investment Profile
Dunham’s Sports is a privately held sporting goods retailer with over 260 stores in 26 states. It calls itself the Midwest’s largest sporting goods chain, with stores also in the Mid-Atlantic, Southeast, Southwest and West, and it sells a full line of name-brand sporting goods at low prices. Dunham’s says its roots go back to 1937 in West Bloomfield, Michigan.
Dunham’s Sports Credit Profile: Qualitative Assessment
Without a verified published credit rating, investors evaluating Dunham’s Sports NNN leases must rely on qualitative indicators and any available financial information. Qualitative factors include the company’s operating history of more than 85 years and its value-oriented pricing.
Key risk indicators to evaluate include how concentrated the store base is by region, the depth of replacement tenant demand for a large-format box in each store’s market, and the absence of financial transparency that accompanies private ownership. Investors should request and review available financial statements through the deal process before committing capital.
Dunham’s Sports NNN Lease Structure
Dunham’s Sports operates large-format stores; building size, shopping center type and market vary by location. Lease terms, expense structures and rent increases vary; confirm each in the lease.
Dunham’s Sports NNN Cap Rate & Pricing Trends
Live asking cap rates for Dunham’s Sports and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Tractor Supply | BBB / Baa1 | 6.05% | 6.00% to 6.34% | 40 | +81 bps |
| DICK'S Sporting Goods | BBB / Baa2 | 8.00% | 7.18% to 8.00% | 3 | +276 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 16, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Dunham's Sports, Big Lots.
Remaining lease term, rent and location all bear on a property’s asking cap rate; compare them across listings rather than relying on one figure.
Dunham’s Sports NNN Investment: Pros & Cons
| Pros | Cons |
|---|---|
| Roots going back to 1937, according to the company | No verified public credit rating: requires independent financial evaluation |
| Value-priced, broad-assortment format | Regional footprint to evaluate around each property |
| Large-format boxes can have a limited pool of replacement tenants; no financial transparency without specific deal-level disclosure |
Comparable NNN Tenants
| Comparable Tenant | Rating |
|---|---|
| Dick’s Sporting Goods | BBB/Baa2 |
| Big Lots | Big Lots, Inc. filed for Chapter 11 in September 2024; in January 2025 the bankruptcy court approved a sale to Gordon Brothers that enables Variety Wholesalers to acquire 200 to 400 Big Lots stores (Big Lots Form 8-K) |
| Tractor Supply | BBB/Baa1 |
Is Dunham’s Sports publicly traded?
No. Dunham’s Sports is a privately held company and does not trade on any public exchange. We have not found publicly filed financial statements, and our ratings database has no verified published S&P, Moody’s or Fitch rating for it. NNN investors evaluating Dunham’s leases must conduct independent financial due diligence.
What asking cap rates do Dunham’s Sports NNN listings show?
Current median asking cap rates for Dunham’s Sports and comparable tenants are shown in the live table on this page. Pricing for a specific property depends on the remaining lease term, rent level, location and lease guarantor, and asking cap rates are not closed-sale cap rates.
Dunham’s Sports Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Dunham’s Sports properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
- Barnes & Noble
- Bed Bath & Beyond
- Best Buy
- Big Lots
- BJ’s Wholesale Club
- Burlington
- Costco
- Dick’s Sporting Goods
- Dillard’s
- DSW
- Five Below
- Floor & Decor
- Harbor Freight
- Home Depot
- JCPenney
- Joann Fabric & Crafts
- Kirkland’s
- Kohl’s
- Lifetime Fitness
- Lowe’s
- Macy’s
- Michaels
- Nordstrom
- Office Depot / OfficeMax
- Old Navy / Gap
- Party City
- Petco
- PetSmart
- Planet Fitness
- Ross Dress For Less
- Staples
- The Container Store
- TJ Maxx / HomeGoods / Marshalls
- Tractor Supply Co.
- Ulta Beauty
- Ollie’s Bargain Outlet
- Target
- Walmart
- Sam’s Club
Dunham's Sports NNN Properties Observed For Sale
1 active Dunham's Sports net lease listing observed across public listing sources, most recently Oct 16, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Bloomsburg, PA | $3,576,377 | 9.00% | 61,178 | n/a | View listing |
Search all 1 observed Dunham's Sports listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
