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3716 Gentian Blvd
Columbus, GA 31907
Reece Crossing | Sky Zone Anchored Center · Retail Property For Sale
Investment Highlights
- 100% Occupied Entertainment Center Anchored by Sky Zone in Columbus, GA | Co-Tenants Include Escapology & Doobies Barber Shop
- Strong Multi-Party Franchisee Guaranty | Five Individual Personal Guarantors with a Combined Net Worth of $5.4M and Combined Annual Income of $5.1M
- Strong Consumer Demographics | Fort Benning & Corporate Employers Drive Consistent Year-Round Family Entertainment Demand
- Brand-New 10-Year Sky Zone Term | Sky Zone Executed a Brand-New 10-Year Lease Extension | One Five-Year Renewal Option | 3.0% Annual Rent Escalations
- Nationally Franchised Entertainment Anchor | Sky Zone is the Original & Largest Indoor Trampoline Park Brand in the World | 320+ Locations Worldwide
- Strategic Location within Established Military Market | Columbus is Home to Fort Benning, One of the Largest Army Installations in the U.S.
Executive Summary
Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Reece Crossing Center located at 3716 Gentian Blvd in Columbus, Georgia. The fully stabilized asset totals 41,163 square feet on 3.57 acres and is comprised of three units. The property is anchored by Sky Zone Columbus, a nationally franchised indoor trampoline park, and is complemented by Escapology, and a local barbershop. The anchor tenant executed a brand-new 10-year lease extension effective through March 2036 with compounding 3.0% annual rent escalations and one, 5-year option to renew. The guaranty is backed by five individual personal guarantors representing a combined net worth of $5.4 million and combined annual income of $5.1 million. Sky Zone is one of the world’s largest operators of indoor trampoline parks in the world with 320+ locations across the U.S. and internationally. Columbus is anchored by Fort Benning, one of the largest Army installations in the United States, and is home to major employers including AFLAC, Synovus Financial, and W.C. Bradley Co.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
41,163 SF
Building Class
C
Year Built
1984
Price
$4,150,000
Price Per SF
$100.82
Cap Rate
8.08%
NOI
$335,197
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.26
Lot Size
3.57 AC
Zoning
GC - General Commercial
Parking
150 Spaces (3.64 Spaces per 1,000 SF Leased)
Frontage
353’ on Gentian Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 069-024-002 | Improvements Assessment | $825,828 |
| Land Assessment | $174,172 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
069-024-002
Land Assessment
$174,172
Improvements Assessment
$825,828
Total Assessment
$1,000,000
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