Catylist ID: #30580566
REDUCED!! NN Leased Urban Air Adventure Park
Retail-Commercial for Sale
|Catylist Listing ID:||30580566|
|Property Subtypes:||Free-Standing Building|
|Building Size (RSF):||31,800 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||2.56 Acres|
|Unit Price:||$196.67 PSF|
|Property Use Type:||Net Leased Investment (NNN), Investment|
|Sale Terms:||Cash to Seller|
Overview / Comments
Lease Structure: NN
Guarantor: Urban Air Franchisee
Ownership Type: Fee Simple
Net Operating Income: $469,050
Remaining Term: 9 Years & 6 Months
Rent Escalations: 7.00% Every 5 Year
Options: 2, 5 - Years
Year Built: 2019
Building Size: 31,800 SF
Land: 2.56 AC
BRAND NEW CONSTRUCTION WITH 10-YEAR LEASE
This investment features a new 10-year lease term with a built-in 7% rental increase in Year 5 of the base term. Additionally, there are rental escalations in the option periods. Rent increases provide an increasing return over the life of the investment.
Urban Air is the leader in family entertainment with +/- 23 million guests each year and +/- 300 locations in the U. S. and abroad. Also, Urban Air was ranked the #1 Trampoline Park franchise by Entrepreneur Magazine in 2019 and was ranked #97 on the 2019 Franchise 500 list.
~28 SCHOOLS IN 10-MILE RADIUS
There are approximately 22 elementary and middle schools and 6 high schools within a 10-mile radius of the subject property. The combined total enrollment for these schools is +/- 15,000 students. This provides a built-in customer base for this Urban Air location.
SIGNIFICANT TENANT INVESTMENT
The all-in initial investment to open an Urban Air location is +/- $2,500,000. This level of investment portrays the franchisee’s overall confidence in the Urban Air brand and commitment to this location.
Urban Air is strategically located in an attractive retail corridor just off Interstate 12, which has traffic counts of +/- 84,000 VPD. Surrounding tenants include Sam’s Club and Bass Pro Shops, both known for driving heavy traffic to their stores.
SUCCESSFUL MULTI-UNIT OPERATOR
Denham Springs UA, LLC now operates 4 Urban Air Adventure Park locations with +/- $10M invested in the Urban Air franchise. The other units are in Forth Worth, TX; Naperville, IL; and Newnan, GA. More information regarding the franchisee credit can be learned by contacting B+E.
SHELTERED FROM THE EFFECTS OF E-COMMERCE
Urban Air offers a product/service that can only be consumed on-site. Due to the experiential nature of Urban Air, this investment is well-sheltered from the negative effects of e-commerce.
ABOVE AVERAGE HOUSEHOLD INCOME
The population within a 10-mile radius of the subject property has an average household income of $64,279. The Baton Rouge average is $51,436 according to the U.S. Census Bureau. This Urban Air is positioned in a prime area to reach its target demographic.
Attachments & Media
|Tenant Business Name||Urban Air Adventure Park|
|Industry Type||Arts, Entertainment, and Recreation|
|Nearest MSA:||Baton Rouge|
|Retail Clientele:||General, Family, Traveler, Tourist, Recreation|
|Proximity:||1 mile||3 miles||5 miles|
Will H Adams, IVProperty One Inc Baton Rouge Baton Rouge, LA 70816
|The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|