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31000 Bass Pro Drive - Spanish Fort Town Center - Urban Air Trampoline Park, Spanish Fort, AL

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31000 Bass Pro Drive - Spanish Fort Town Center - Urban Air Trampoline Park

Spanish Fort, AL 36527 - Baldwin County Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2008
Building Size:20,245 SF Land Area:50 AC (2,178,000 SF)
For Sale Price:$2,619,941 Price/SF:$129.41
Cap Rate:8.50 %
Parking:Free Surface spaces are available; Ratio of 4.35/1,000 SF
Features:Freeway Visibility, Pylon Sign, Signage

Former Circuit City, located at the northeast corner of I-10 and Hwy 90/98 in Spanish Fort, AL (Baldwin County, Mobile MSA).

210 Residential units, approximately 790,000 square feet of retail and restaurants, 93,600 square feet of hotel, and 67,600 square feet of office space.

Anchored by Bass Pro Shops, JCPenney and Kohl's.

Sale Notes:
Marcus & Millichap is pleased to present Urban Air Trampoline
Park in Spanish Fort, Alabama; which is 10 miles east of Mobile.
Urban Air recently signed a 10-year, double-net (NN) lease with
rent bumps in year five and year eight. The lease is personally
guaranteed by the operator.
Urban Air is situated on a 6.5-acre parcel and is located adjacent
to a major 64-acre development. This project will encompass a
new gym, multi residential complex, office space, and other retail
tenants. The subject property also benefits from being in a dense
trade area. Within a half of a mile, there is more than 1-million square
feet of retail loaded with national credit anchors. They include: Bass
Pro Shops, The Home Depot, and Dicks Sporting Goods.
The area surrounding Urban Air is also experiencing rapid growth.
There are more than 41,000 residents within five miles, an 18 percent
increase from 2010 to 2017. The average household income (AHHI)
within the five-mile radius exceeds $93,000. Additional retailers
in the immediate vicinity include: AMC, Starbucks, LongHorn
Steakhouse, Bed Bath & Beyond, Rite Aid, United States Postal
Service, Piggly Wiggly, Dunkin’ Donuts, McDonald’s, Arby’s, Waffle
House, Arby’s, and many more.

Marcus & Millichap Inc
Sabrina Kortlandt
(646) 805-1422

Preet Sabharwal
(212) 430-5195

Michael Scali
(212) 430-6142

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