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Views: 90 DOM: 151 Updated: 09.18.24 Posted: 06.24.24 Status: Active

Summary

Price $3,240,000
Built/Renov 2008
Tenant Urban Air Adventure Park
Cap Rate 7.50%
Lease Type NN+
Guarantor Franchisee
Size/SF 20,245
Lease Start 03-10-2018
#Units 1
Price/SF $160.04
Expiration 03-31-2028
Tenant Type Sport/Fitness
NOI $242,940
R. Term 3.4
Ownership Fee Simple
Rent/SF $12.00
Increases 8.3%/1/yrs
Pop 5Mi 43,106
Lot/AC 3.79
Options 1/5yrs/9%
AHHI 5Mi $106,757

Lease Highlights

  • Urban Air Adventure Park has 3+ years remaining on the current lease term with 1 (5-year) option to extend
  • The lease features an 8.33% rental escalation during the initial term with a 9% increase at the start of the remaining option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Lease guaranteed by Jackson Family Industries, LLC

Location Description

Urban Air Adventure Park is strategically located on Bass Pro Drive, with access to a robust daily traffic count of 59,400 vehicles. The property benefits from direct access to US Highway 98 (41,700 VPD) and US Highway 31 (23,700 VPD). Additionally, it fronts Interstate 10 (59,400 VPD) and is ideally situated as a co-anchor to Spanish Fort Town Center, a lifestyle center also anchored by...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Urban Air Adventure Park is a leading chain of indoor amusement parks that offers a wide range of activities and attractions designed to provide fun and excitement for all ages. Founded in 2011,...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,513 27,254 49,315
2024 Total Population : 3,322 25,634 45,377
2024 Employed Civilian Pop : 1,660 13,211 23,441
2024 Total Businesses : 207 987 1,895
2024 Average Household Income : $ 95,429 $ 110,534 $ 111,973
2024 Total Consumer Spending : $ 115 M $ 995 M $ 1763 M
2024 Median Age : 42 42 41
2024 Total Households : 1,391 10,378 18,155
2024 Pop Age 25+: Bachelor's Degree : 764 5,153 8,748
2024 Average Home Value : $ 340,972 $ 363,673 $ 404,592
*ESRI data is presented for informational purposes only

Listing Broker

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