LUCKY STRIKE (NYSE: LUCK) | ABSOLUTE NET | 5499 Ten Pin Aly
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LUCKY STRIKE (NYSE: LUCK) | ABSOLUTE NET 5499 Ten Pin Aly
32,827 SF Retail Building Hilliard, OH 43026 $6,857,143 ($209/SF) 7% Cap Rate
Investment Highlights
- Corporate Backed Absolute Net Lease Featuring a 10% Rental Increase in 2029 and at Each Option. Free Standing Single Tenant Building.
- Single tenant absolute NNN lease. Lucky Strike (NYSE: LUCK) is the Largest Bowling Operator in the World with a Diverse Portfolio of 360 Locations.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
- Ten Pin Alley is a Premier Destination for Bowling and Families Alike. 20+ Year Operating History and Low Rent.
- Densely Populated and Affluent Area: Average Household Income of $121k+ w/in a 3-Mile Radius and 151k+ People Residing w/in a 5-Mile Radius.
- Located in a Prime Commercial Area, this Property Offers Excellent Visibility and Accessibility.
Executive Summary
Lucky Strike (NYSE: LUCK) | Absolute Net Lease | Largest Bowling Operator in the World | Minutes from The Ohio State University | Near 105k Sq.Ft. Recreation and Wellness Campus Development | Densely Populated and Affluent Area | Immediate Area Experiencing Major Growth
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
32,827 SF
Building Class
B
Year Built/Renovated
1961/2018
Price
$6,857,143
Price Per SF
$209
Cap Rate
7%
NOI
$480,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
3.56 AC
Zoning
PUD - Planned Unit Development
Parking
120 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
589 FT on Constitution Blvd
Amenities
- Banking
- Food Court
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Bowlero
- Retailer
- 32,827 SF
- -
- Triple Net
- Feb 2034
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Bowlero | Retailer | 32,827 SF | - | Triple Net | Feb 2034 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 050-002092 | Improvements Assessment | $813,410 |
| Land Assessment | $342,230 | Total Assessment | $1,155,640 |
PROPERTY TAXES
Parcel Number
050-002092
Land Assessment
$342,230
Improvements Assessment
$813,410
Total Assessment
$1,155,640
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LUCKY STRIKE (NYSE: LUCK) | ABSOLUTE NET | 5499 Ten Pin Aly
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