351 American Way - Sports and Entertainment FOR SALE


Cranberry Township, PA 16066
$7,250,000 USD
412-848-2016
351 American Way, Cranberry Township, PA for Sale
$7,250,000 USD
Sports and Entertainment - FOR SALE
1/9
null | 6.33% Cap Rate

351 American Way
Cranberry Township, PA 16066


HIGHLIGHTS

  • Urban Air is the #1 ranked family entertainment franchise (Entrepreneur Magazine), with 350+ locations and no history of closures—delivering proven re
  • New 15-year absolute NNN lease with 8% rent bumps every 5 years ensures steady cash flow and inflation protection, with no landlord responsibilities.
  • Cranberry Township is the Pittsburgh region’s fastest-growing suburb, with household incomes exceeding $120K and strong retail adjacency, driving cons

OVERVIEW

Tenant: Urban Air Adventure Park (largest indoor adventure park operator in the U.S., 350+ locations, consistently ranked #1 entertainment franchise). Size: ±27,000 SF, purpose-built experiential entertainment space. Lease: Absolute Triple Net (NNN), zero landlord responsibilities. Term: 15-year initial term with 8% increases every 5 years. Two 5-year options. Rent: $17/SF ($459,000 annually) Location: Prime regional draw in Cranberry Township—fastest-growing Pittsburgh suburb with high household incomes, strong family demographics, and retail synergy. Franchise Strength: No Urban Air park has ever closed; strong franchisor protections (right to step in and operate if needed); 5-unit Franchisee

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$295 USD /SF

CAP RATE

6.33%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Urban Air Trampoline Park

PROPERTY TYPE

Sports and Entertainment

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

105

LAND DETAILS

LAND ACRES

4.4 AC

LAND SF

191,708 SF

ZONING

SU-1

APN/PARCEL ID

130-4F108-25B3-0000

ASK ABOUT THIS PROPERTY

Jesse CortezThe Colony AgencyMore Info
412-848-2016

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Jesse CortezThe Colony AgencyMore Info
412-848-2016

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.