For Sale
$3,240,000

31000 Bass Pro DrSpanish Fort, AL 36527

High-return entertainment property, Alabama.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents the fee simple ownership of a thriving Urban Air Adventure Park in Spanish Fort, Alabama, within the Mobile MSA. The 20,245 square foot facility, built in 2008 and situated on a 3.79-acre lot, boasts 100% occupancy under a triple-net (NNN) lease with a corporate guarantee from Jackson Family Industries, LLC. The lease, commencing March 10, 2018, and expiring March 31, 2028, has approximately 3.4 years remaining, followed by a potential 5-year option. Scheduled rent bumps are in place for March 2025 and the option period start, ensuring future NOI growth. The property features 139 parking spaces and benefits from a prime location along Bass Pro Drive, providing excellent visibility and access to major roadways including US Highway 98 and US Highway 31, and proximity to Interstate 10. This location is part of the Spanish Fort Town Center, a vibrant lifestyle center anchored by Bass Pro Shops and Kohl's, and is surrounded by other significant retail establishments such as The Home Depot, AMC Theaters, and Walmart. The property also enjoys a strong residential base, with numerous nearby single-family and multi-family communities. The 5-mile trade area boasts over 43,100 residents and 19,700 daytime employees, with an affluent average household income of $106,757. The property's zoning is B-3: General Business, and the asking price is $3,240,000, representing a 7.50% cap rate and a price per square foot of $160.04. The current Net Operating Income (NOI) is $242,940. This is a low-management, passive investment opportunity with significant upside potential.

Highlights

  • Fee simple ownership of a 20,245 SF Urban Air Adventure Park in Spanish Fort, AL (Mobile MSA).
  • Triple-net (NNN) lease with corporate guarantee; approximately 3.4 years remaining, plus a 5-year option. Scheduled rent increases.
  • Located in Spanish Fort Town Center, near Bass Pro Shops, Kohl's, Home Depot, AMC Theatres, and Walmart.
  • High-visibility location on Bass Pro Drive, with excellent access to major roadways (US 98, US 31, I-10).
  • Strong demographics: 43,100+ residents and 19,700+ daytime employees within a 5-mile radius; average household income of $106,757.

Property Details for 31000 Bass Pro Dr

Property type
Specialty properties
Square Feet
20,245 SF
Year Built
2008
Lot Size (sq. ft)
165,092 SF

Location Insight

City
Spanish Fort
County
Baldwin
State
Alabama
Latitude
30.7189323
Longitude
-87.9530849
31000 Bass Pro Dr, Spanish Fort, Alabama

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31000 Bass Pro Dr
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