Denham Springs, LA Retail Property For Sale

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

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Investment Highlights

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.

INDUSTRY-LEADING TENANT

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.

STRATEGIC 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.

Stirling Properties is pleased to present for sale the fee simple interest in an existing single-tenant Walgreens located in Denham Springs, Louisiana. The property is also available as a portfolio and includes three single-tenant freestanding Walgreens locations in markets throughout Louisiana. These locations offer a long operating history and are located on strong retail corridors with great visibility and easy ingress and egress.

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Beach Bums Volleyball Complex is a great business opportunity and now available for its new owners to purchase! Just under 2 acres of land, approximately 85 parking spots with room for approximately 10 more, approximately 80 new chairs in 2018, new poles and new nets in 2018, three spare nets, six courts with surround nets around the perimeter and sub-surface drainage in place. Courts drain quickly and can be played on soon after a rain event. This complex is not only great for competitive volleyball, but also a perfect venue for birthday parties, corporate events, and a multitude of private gatherings! There is an approximately 500 sq. ft "Tiki Hut" with bar and grill with vent hood, kitchen with HVAC, two handicap accessible restrooms, and a lockable storage area of approximately 250 sq ft. and vault. All logos and branding were updated in 2018 and will transfer to the purchaser. Also included in the sale will be all necessary licenses that are in place and can be transferred as well as email and contact list of approximately 600 volleyball players. All inventory equipment in place will remain, including but not limited to; beer cooler, kegerator for draft beer, deep fryer, deep sinks, vault, commercial refrigerator in kitchen, grease top, 2 additional refrigerator and freezer in storage room, 300lb ice machine, small cooler in bar area, Point of Sell credit card terminal. 2 TV's custom security system with multiple cameras and onsite DVR with mobile access, all bar supplies and training on recipes etc. *Structure square footage nor lot dimensions warranted by Realtor.

432 S Range features two lots combining to make 0.82 Acres on S Range Ave and Bay St. Situated in a prime retail location on the S Range strip between Hwy 190 and Interstate 12. Location offers immediate visibility with 172.26 ft of frontage on S Range, 72 ft of frontage on Bay St, and daily traffic counts of 25,600 vehicles per day. Flag lot offers multiple access points via S Range Ave and Bay St. The C-3 commercial district offers a large range of permitted uses.

• Retail For Sale Or Lease

• Brand New Roof

• Brand New HVAC

• Open Floor Plan

• Flag Lot Offers Frontage On S Range Ave And Bay St.

• Owner Will Build To Suit Or Provide Tenant Improvement Allowance

Depending On Length Of Lease Term

• Ample Parking With 46 Spaces and 2 Handicapped

• Zoned Commercial (C-3)

Formerly Star Rims and Tires, approximately 1,234 square feet of space plus 468 feet of contiguous storage located on approximately 0.62+- acres, concrete parking areas, located on the corner of Pecan Street and US Highway 190, excellent location, visibility and access. Formerly Star Rims and Tire - Priced to sell quickly. Contact listing agent for additional details and showing instructions.

Beautiful brick 2 story building located in the Heart of the City of Denham Springs Antique District. Originally built in 1927 as the Brown Hotel and Cafe and since has been placed on The National Register of Historic Places by The U.S. Department of the Interior. Currently the building is used as an antique retail store on the first floor with the second floor being used as storage. Prior to the current ownership , the previous owners used the first floor for retail and the second floor was used as a professional office for a civil engineering and surveying firm. There is an elevator in the building but it has not been used in years, whether or not it is operational is unknown. This is a beautiful historic building containing nearly a century of Denham Springs history and will be a special and unique opportunity for its next owners! Schedule your viewing appointment today, before it is too late! *Structure square footage nor lot dimensions not warranted by Realtor.

Property flooded in 2016. Repairs have been started but not completed approximately 80% of repairs have been made. Former hair salon

however many possibilities. *Structure square footage nor lot dimensions warranted by Realtor.

High Visibility. High traffic. Retail Site located at the hard corner of Range Ave. and Florida Blvd. across from Walgreens. Many possibilities for this site. Includes 1.66 Acre Land and +/-20,000 SF Retail Building. Includes other buildings on site.

Dual Drive-thru Little Caesar's anchored Retail Center for Sale (as Part of Six (6) Unit Portfolio) NNN. 6% Cap. Constructed in 2013. PRIME high-exposure high-traffic retail space with dual drive-thru available for sale at the hard corner of Florida & Range Ave. next to Walgreens at the corner of Main & Main. Excellent visibility. Easy access. Largest Little Caesar's franchisee operator in U.S. Shared grease trap available.

Two tenant retail center with one of the tenants leasing since 2007. Full triple net leases with signed 5 year lease for each tenant, property is listed at 9% CAP rate.