1600 NW Courtyard Cir | Port Saint Lucie, FL 34986
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1600 NW Courtyard Cir
Port Saint Lucie, FL 34986
Bowling Center Sale Leaseback · Retail Property For Sale
Investment Highlights
- Superplay USA, the tenant, is owned by a subsidiary of Bowlero Corp. (NYSE: BOWL), the guarantor
- The property is among Bowlero’s top performing assets with a unit level EBITDA margin at over 60%
- Excellent South Florida retail location with immediate access to Interstate 95
- 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
- Long-term absolute net lease with 2% annual rent escalations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
65,188 SF
Building Class
C
Year Built
2006
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
7.90 AC
Zoning
GENERAL CO
Parking
334 Spaces (5.12 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 33-26-700-0002-0003 | Improvements Assessment | $3,834,100 |
| Land Assessment | $3,631,600 | Total Assessment | $7,465,700 |
PROPERTY TAXES
Parcel Number
33-26-700-0002-0003
Land Assessment
$3,631,600
Improvements Assessment
$3,834,100
Total Assessment
$7,465,700
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