1600 NW Courtyard Cir - Bowling Alley FOR SALE
Port Saint Lucie, FL 34986 |
1600 NW Courtyard Cir
Port Saint Lucie, FL 34986
HIGHLIGHTS
- Superplay USA, the tenant, is owned by a subsidiary of Bowlero Corp. (NYSE: BOWL), the guarantor
- Strong Guarantor credit with over $1B in revenue and $353M in adjusted EBITDA; Moody's recently upgraded Bowlero Corp.'s credit rating to B1 from B2
- The property is among Bowlero’s top performing assets with a unit level EBITDA margin at over 60%
- Long-term absolute net lease with 2% annual rent escalations
- Excellent South Florida retail location with immediate access to Interstate 95
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Bowling Center Sale Leaseback
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bowling Alley
ADD'L SUBTYPES
Bar, Restaurant, Storefront
TOTAL BUILDING SIZE
65188
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
334
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
33-26-700-0002-0003
