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Views: 85 DOM: 95 Updated: 09.07.24 Posted: 06.14.24 Status: Contract

Summary

Price $10,388,000
Built/Renov 1993/2024
Tenant VOLLI
Cap Rate 7.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 62,329
Lease Start 05-01-2024
#Units 2
Price/SF $166.66
Expiration 09-01-2039
Tenant Type Sport/Fitness
NOI $779,112
R. Term 14.11
Ownership Fee Simple
Rent/SF $12.50
Increases 2.5%/1/yrs
Pop 5Mi 286,907
Lot/AC 6.09
Options 5/5yrs/2.5%
AHHI 5Mi $94,182

Lease Highlights

  • Brand-new 15-year lease with 5 (5-year) options to extend
  • The lease features 2.5% annual rental increases throughout the initial term and in each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

VOLLI is strategically located on Northeast Highway 820, with access to 150,900 vehicles passing by daily. The property is positioned near the intersection of Rufe Snow Dr. and Interstate 820, offering excellent visibility to a combined 150,900 VPD. Additionally, it is situated just 2 miles from City Point Development, a mixed-use development project. The 5-mile trade area is supported by a...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: VOLLI
  • Guarantor:Corporate
  • Company:VOLLI Entertainment, LLC
  • # Units:2
  • Stock:Private

About Tenant

VOLLI Entertainment creates pickleball-themed immersive sports venues with great food and drinks, along with a variety of interactive games, that bring together friends, colleagues, and teams....


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Listing Broker

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