Urban Air Trampoline Park | Corp NNN
20,245 SF | Retail Building | Spanish Fort, AL 36527 | $3,240,000 ($160/SF) | 7.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,240,000
- Property Type
-
Retail
- Square Feet
- 20,245 SF
- Price / Square Foot
- $160
Listing Contacts
Patrick Luther
Verified Profile
Matthew Mousavi
Verified Profile
- Property Info
Property Overview
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, Urban Air Adventure Park investment property located in Spanish Fort, AL (Mobile MSA). The tenant, Jackson Family Industries, LLC, has over 3 years of firm term remaining with an additional 1 (5-year) option period left to extend. The lease features scheduled rental increases in March 2025 and at the beginning of the option period, growing NOI and hedging against inflation. The lease is personally guaranteed and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 2011, Urban Air is an award-winning national franchise and the largest adventure park operator in the world with over 350 locations.
Property Details
- Class
- B
- Year Built
- 2008
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 165,092 SF
Highlights
- Over 3 Years Remaining | Scheduled Rental Increase | Well-Known & Established Brand | Over 350 Locations
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Located Within Spanish Fort Town Center (461K+ SF) | Major Nearby Shopping Centers | Strong National Tenant Presence
- Located Along Bass Pro Drive | Centralized Location | Mobile MSA | Excellent Visibility & Access
- Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area
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