Overview

Description

Faris Lee Investments is pleased to present the opportunity to acquire a Ollie's and Urban Air Adventure Park in Harlingen, TX

This offering serves as the best positioned anchor to the Vista Valle Mall & is located at the confluence of 2 major Interstate Highways - Interstate Highway 69 E (70,741 VPD) & Interstate Highway 2 (71,643 VPD) Interchange.
The Primary retail hub is serving the entire trade area including the top retailers including: Walmart, Target, Bass Pro (only location serving the RGV), Hobby Lobby, Kohl’s

Highlights

• National Publicly Traded Company – Ollie’s (Olli) NASDAQ | Market Cap: $4.57 Billion With $2.26 Billion for 2023 Revenue and Assets Of $2.04 Billion In 2023
• Urban Air Adventure Park Is the Largest Adventure Park Operator in the World | 350+ Locations Open and Under Development Based In Texas
• Long-Term Leases with Rental Increases | New 8 Year Lease for Ollie’s Bargain Outlet And 12% Increase In 2024 With 9 Years Remaining For Urban Air
• Located On the Core Retail Corridor with Excellent Economic Drivers | Anchor to the Vista Valle Mall & Is Located At the Confluence of 2 Major Interstate Highways - Interstate Highway 69 E (70,741 VPD) & Interstate Highway 2 (71,643 VPD) Interchange
• Ollie’s / Urban Air Adventure Park Offering Is Priced Well below Replacement Cost
• Strong Demographics in the Harlingen Trade Area
• Ease Of Management Investment | NNN Lease
• Trade, Jobs & Growth in the Texas-Mexico Border

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