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Urban Air Trampoline Park | Corp NNN 31000 Bass Pro Dr

20,245 SF Retail Building Spanish Fort, AL 36527 £2,559,632 (£126/SF) 7.50% Net Initial Yield

Investment Highlights

  • Over 3 Years Remaining | Scheduled Rental Increase | Well-Known & Established Brand | Over 350 Locations
  • Located Within Spanish Fort Town Center (461K+ SF) | Major Nearby Shopping Centers | Strong National Tenant Presence
  • Direct Residential Consumer Base | Affluent Community |Demographics in 5-Mile Trade Area
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Located Along Bass Pro Drive | Centralized Location | Mobile MSA | Excellent Visibility & Access

Executive Summary

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 Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
20,245 SF
Building Class
B
Year Built
2008
Price
£2,559,632
Price Per SF
£126
Net Initial Yield
7.50%
NOI
£191,925
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.12
Land Acres
3.79 AC
Zoning
B-3 - General Business
Parking
139 Spaces (6.87 Spaces per 1,000 SF Leased)
Frontage
190 ft on Bass Pro Dr

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signage

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Urban Air Adventure Park is the ultimate indoor adventure park where kids of all ages (and kids at heart) can explore thrilling attractions, challenge their body and mind, and most importantly…have a blast! They are more than just an average trampoline park. Their indoor adventure parks provide a safe place for the whole family to jump, soar, race, climb, and play. Fun awaits rain or shine. With parks all across the U.S. and in Canada, there’s an Urban Air ready to welcome all customers.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Arts, Entertainment, and Recreation 99,999 SF $9.99 Lorem Ipsum Jan 0000

Nearby Major Retailers

Crunch
Five Guys
Orangetheory Fitness
The Fresh Market
Longhorn Steakhouse
Waffle House
PNC Bank
Piggly Wiggly
Starbucks
Beef 'O' Brady's

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
32-09-32-0-001-001.013
Land Assessment
£93,607
Improvements Assessment
£114,231
Total Assessment
£207,838
  • Listing ID: 32115695

  • Date on Market: 12/06/2024

  • Last Updated:

  • Address: 31000 Bass Pro Dr, Spanish Fort, AL 36527

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