2010 Cinema Dr
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2010 Cinema Dr
35,000 SF 4-Star Retail Building Hudson Oaks, TX 76087 $6,707,000 ($192/SF) 6.45% Cap Rate
Investment Highlights
- 2019 BUILD-TO-SUIT CONSTRUCTION AND TENANT JUST RENEWED EARLY FOR 15-YEARS (14.67 YEARS REMAINING).
- FIVE SCHOOLS WITHIN A 15-MILE RADIUS.
- HIGHLY PROFITABLE FRANCHISEE OPERATOR.
- INDUSTRY-LEADING TENANT.
- STRATEGIC LOCATION.
- ABOVE AVERAGE HOUSEHOLD INCOME.
Executive Summary
Marcus & Millichap is pleased to present the fee simple ownership of 2010 Cinema Drive located in Hudson Oaks, Texas. This was a 2019 built-to-suit for an Urban Air Adventure Park Facility which is a full-service entertainment facility and the world’s largest indoor adventure park chain. Urban Air Adventure Park was founded in 2011 and currently has over 300 locations in 40 states throughout the US and
has plans to open new locations internationally: Asia, Europe, & South America. Urban Air provides a variety of high-octane activities from trampolining and rock climbing to the best indoor playgrounds, all under one roof. In 2021, Urban Air saw approximately 23 million guests and the average annual revenue per unit comes out to be approximately $3.5MM. This is a business model that has proven to be
internet proof and will continue to be in demand from children & families who need to seek activity after-school and on the weekends. Along with daily passes, families can purchase yearly memberships which is a predictable recurring revenue stream for the local franchisee running the operations.
has plans to open new locations internationally: Asia, Europe, & South America. Urban Air provides a variety of high-octane activities from trampolining and rock climbing to the best indoor playgrounds, all under one roof. In 2021, Urban Air saw approximately 23 million guests and the average annual revenue per unit comes out to be approximately $3.5MM. This is a business model that has proven to be
internet proof and will continue to be in demand from children & families who need to seek activity after-school and on the weekends. Along with daily passes, families can purchase yearly memberships which is a predictable recurring revenue stream for the local franchisee running the operations.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
35,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2020
Price
$6,707,000
Price Per SF
$192
Cap Rate
6.45%
NOI
$432,602
Tenancy
Single
Building Height
2 Stories
Building FAR
0.22
Lot Size
3.63 AC
Zoning
C - Commercial
Parking
80 Spaces (2.29 Spaces per 1,000 SF Leased)
Frontage
275 FT on Cinema Drive
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R000075282 | Improvements Assessment | $3,817,970 |
| Land Assessment | $1,215,850 | Total Assessment | $5,033,820 |
PROPERTY TAXES
Parcel Number
R000075282
Land Assessment
$1,215,850
Improvements Assessment
$3,817,970
Total Assessment
$5,033,820
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