3716 Gentian Blvd - Storefront FOR SALE


Columbus, GA 31907- East Columbus
$3,943,500 USD
843-345-5333
3716 Gentian Blvd, Columbus, GA for Sale
$3,943,500 USD
Storefront - FOR SALE
1/8
null | 8.5% Cap Rate

3716 Gentian Blvd
Columbus, GA 31907
East Columbus


HIGHLIGHTS

  • 100% Occupied Entertainment Center Anchored by Sky Zone | Co-Tenants Include Escapology & Doobies Barber Shop | Long-Term Assumable Loan Available
  • Brand-New 10-Year Sky Zone Term | Sky Zone Executed a Brand-New 10-Year Lease Extension | One Five-Year Renewal Option | 3.0% Annual Rent Escalations
  • Strong Multi-Party Franchisee Guaranty | Five Individual Personal Guarantors with a Combined Net Worth of $5.4M and Combined Annual Income of $5.1M
  • Nationally Franchised Entertainment Anchor | Sky Zone is the Original & Largest Indoor Trampoline Park Brand in the World | 320+ Locations Worldwide
  • Strong Consumer Demographics | Fort Benning & Corporate Employers Drive Consistent Year-Round Family Entertainment Demand
  • Strategic Location within Established Military Market | Columbus is Home to Fort Benning, One of the Largest Army Installations in the U.S.

OVERVIEW

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Reece Crossing Center located at 3716 Gentian Blvd in Columbus, Georgia. The fully stabilized asset totals 41,163 square feet on 3.57 acres and is comprised of three units. The property is anchored by Sky Zone Columbus, a nationally franchised indoor trampoline park, and is complemented by Escapology, and a local barbershop. The anchor tenant executed a brand-new 10-year lease extension effective through March 2036 with compounding 3.0% annual rent escalations and one, 5-year option to renew. The guaranty is backed by five individual personal guarantors representing a combined net worth of $5.4 million and combined annual income of $5.1 million. Sky Zone is one of the world’s largest operators of indoor trampoline parks in the world with 320+ locations across the U.S. and internationally. Columbus is anchored by Fort Benning, one of the largest Army installations in the United States, and is home to major employers including AFLAC, Synovus Financial, and W.C. Bradley Co.

FOR SALE DETAILS

PRICE

$3,943,500 USD

PRICE/SF

$96 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reece Crossing | Sky Zone Anchored

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.57 AC

LAND SF

155,509 SF

ZONING

GC

APN/PARCEL ID

069-024-002

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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