Foot Locker

Interested in selling your Foot Locker NNN property or Foot Locker lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Foot Locker NNN property for sale or Foot Locker ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Foot Locker NNN property or the inclusion of a Foot Locker ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Foot Locker properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

Foot Locker has over 2,600 stores in 26 countries across North America, Europe, Asia, Australia, and New Zealand.

Revenue and income

In 2022, Foot Locker’s total revenue was $10.3 billion. Net income was $514 million.

Future plans

Foot Locker plans to continue expanding its global footprint. In 2023, the company plans to open over 500 new stores worldwide. Foot Locker is also investing in new technologies, such as augmented reality and virtual reality.

Corporate vs. franchise

About 90% of Foot Locker stores are corporate-owned. The remaining 10% are franchised. Franchisees typically pay a $250,000 franchise fee and a 5% royalty on gross sales.

Additional information Foot Locker Properties

Foot Locker was founded in 1974 in Manhattan, New York City.
The company’s name refers to its selling footwear and apparel for “the locker room”.
The biggest retailer of athletic clothing and footwear worldwide is called Foot Locker.
The company’s most popular brands include Nike, Adidas, and Under Armour.
Foot Locker is an organization that is traded publicly on the New York Stock Exchange.

Foot Locker History

Foot Locker was founded in 1974 by four former executives from the sporting goods chain Genesco. The company’s first store opened in Manhattan, New York City, and it quickly expanded to other major cities across the United States. Foot Locker specializes in athletic footwear and apparel, and it is now one of the largest retailers in its industry.

Why Invest in Ground Lease and NNN Lease of Foot Locker?

Investing in Foot Locker’s ground lease and triple net (NNN) lease properties presents compelling advantages:

1) Foot Locker NNN Property Investment: Stable income

With a renowned brand and a strong foothold in the athletic retail sector, Foot Locker offers a consistent income stream. Ground and NNN leases ensure reliable cash flows over an extended period.

2) Foot Locker NNN Property Investment: Established tenant

Foot Locker’s reputable brand and market presence reduce the risk of tenant vacancy or lease default, ensuring the property maintains a stable tenant.

3) Foot Locker NNN Property Investment: Low management responsibility

In-ground and NNN leases place property maintenance and expenses in the hands of the tenant, alleviating the landlord’s management responsibilities.

4) Foot Locker NNN Property Investment: Favorable lease terms

Long-term lease agreements with built-in rent escalations provide a predictable income stream and the potential for rental growth.

5) Foot Locker NNN Property Investment: Real estate value

Strategically located in high-traffic areas, Foot Locker’s retail properties have the potential to appreciate, offering an opportunity for capital appreciation.

Pros and Cons of Foot Locker Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Foot Locker’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.