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Urban Air Adventure Park | New 10yr NNN 4701 S Staples 42,864 SF Retail Building Corpus Christi, TX 78411 $9,500,000 ($221.63/SF) 8.84% Cap Rate
INVESTMENT HIGHLIGHTS
- 10-Year Lease Sale Leaseback | Scheduled Rental Increases | Options To Extend | Growing & Popular Brand
- Signalized, Hard-Corner Intersection (37,600 VPD) | Excellent Visibility | Significant Street Frontage
- Direct, Affluent Consumer Base | Strong Demographics In 5-Mile Trade Area
- NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- La Palmera (10M+ Annual Visitors) | Retail Corridor |Strong National/Credit Tenant Presence | Entertainment Hub
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, Urban Air investment property located in Corpus Christi, Texas. The tenant, UA Texas LLC, will sign a brand new 10-year lease at close of escrow with 2 (5-year) options to extend, demonstrating their commitment to the site. The lease features 5% rental increases every 5 years of the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Urban Air Adventure Park is the Nation’s #1 destination for family fun, featuring a variety of attractions perfect for all ages.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Freestanding
Building Size
42,864 SF
Building Class
C
Year Built/Renovated
1968/2003
Price
$9,500,000
Price Per SF
$221.63
Cap Rate
8.84%
NOI
$840,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
3.32 AC
Zoning
CG-2 - General Commercial
Parking
171 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
304’ on S Staples ST
AMENITIES
- Bus Line
- Corner Lot
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Urban Air Adventure Park
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Urban Air Adventure Park | Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 250030 | Improvements Assessment | $3,644,796 |
| Land Assessment | $1,445,321 | Total Assessment | $5,090,117 |
PROPERTY TAXES
Parcel Number
250030
Land Assessment
$1,445,321
Improvements Assessment
$3,644,796
Total Assessment
$5,090,117
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Urban Air Adventure Park | New 10yr NNN | 4701 S Staples
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