Spanish Fort, AL - Urban Air Adventure Park

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, freestanding, Urban Air Adventure Park investment property located in Spanish Fort, AL (Mobile MSA). The tenant, Jackson Family Industries, LLC, has over 3 years of firm term remaining with an additional 1 (5-year) option period left to extend. The lease features scheduled rental increases in March 2025 and at the beginning of the option period, growing NOI and hedging against inflation. The lease is personally guaranteed and is NNN with limited landlord responsibilities, making this an ideal, low-management investment opportunity for a passive investor. Founded in 2011, Urban Air is an award-winning national franchise and the largest adventure park operator in the world with over 350 locations.

Urban Air is strategically located along Bass Pro Drive with direct access to US Highway 98 (41,700 VPD) and US Highway 31 (23,700 VPD). The site also fronts Interstate 10 (59,400 VPD), providing direct access into Mobile, AL and connecting the MSA. Urban Air is ideally situated within Spanish Fort Town Center, a 461K+ SF Lifestyle Center anchored by Bass Pro Shops and Kohl’s. The property is also within direct proximity to Jubilee Square (511K+ SF), Eastern Shore Park (385K+ SF), and Eastern Shore Plaza
(267K+ SF). The surrounding national/credit tenants include The Home Depot, AMC Theaters, ALDI, Walmart Supercenter, Publix, Lowe’s, and Sam’s Club, among many others. The strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Furthermore, the property is near numerous single-family communities and multi-family complexes including The Kensley (104 units), The Vinings at Spanish Fort (240 units), The Arlington at Eastern Shore (300 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 43,100 residents and 19,700 daytime employees, with residents boasting an affluent average household income of $106,757.