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Urban Air Adventure Park

4701 South Staples Street, Corpus Christi, TX 78411

$6,372,000

Cap Rate 7.25%

Views: 35 DOM: 74 Updated: 10.08.24 Posted: 10.08.24 Status: Active

Summary

Price $6,372,000
Built/Renov 1968/2023
Tenant Urban Air Adventure Park
Cap Rate 7.25%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 39,000
Lease Start 09-01-2024
#Units 1
Price/SF $163.38
Expiration 08-31-2034
Tenant Type Sport/Fitness
NOI $462,000
R. Term 9.8
Ownership Fee Simple
Rent/SF $11.85
Increases 5.0%/5/yrs
Pop 5Mi 211,629
Lot/AC 3.32
Options 0/0yrs
AHHI 5Mi $91,042

Patrick Luther
SRS National Net Lease Group
Contact

Matthew Mousavi
SRS National Net Lease Group
Contact

Lease Highlights

  • Brand new 10-year lease with no options to extend
  • The lease features 5% rental increases throughout the initial term
  • NNN Lease | Minimal landlord responsibilities include CAM, Taxes, Insurance (All reimbursed by tenant)
  • Lease guaranteed by UA Texas LLC

Location Description

Urban Air is strategically located at the signalized, hard corner intersection of S Staples Street and McArdle Road, a major retail thoroughfare with access to a combined daily traffic count of 37,600 vehicles. The property is ideally situated near Moore Plaza, a shopping center featuring national tenants such as Target, H-E-B, Marshalls, Hobby Lobby, Burlington, and more. Additionally, it is...

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Key Features

  • Signalized intersection

  • Recent renovation

  • Dense retail corridor

  • Near major nationals

  • Strong demographics

  • Major MSA

  • Income tax free state

  • Brand new lease

  • Absolute NNN

  • Personal guarantee

    • ...

Links

Urban Air Adventure Park Wikipedia Corpus Christi, Texas Zip Code 78411 Broker Site Page

Documents

Download OM

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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Listing Broker

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