SRS Real Estate Partners Sells Academy Sports Property In Madison MS For $9.35 Million

A 64,626-square-foot retail property located at 1951 Main Street in Madison, MS, was sold for $9,350,000. The property is occupied by Academy Sports and has a corporate-guaranteed lease with eight years remaining.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $9,350,000
• Square Footage: 64,626
• Price Per Square Foot: $145
• Sale Date: 04/02/2026
• Brokerage Firms: SRS Real Estate Partners
• Brokers: Michael Berk, Patrick Nutt & Chip Watson

The transaction involved a publicly traded REIT as the buyer, indicating a stable investment opportunity through the secured lease structure of the property. SRS Real Estate Partners acted as the brokers facilitating this sale.