Property Overview
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- Size:
- Undisclosed
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- Usage:
- B1, D2
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- Sale Type:
- For Sale
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- Rental Income:
- Undisclosed
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- Property Type:
- Offices
- Leisure Parks
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- Auction:
- No
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- Development Opportunity:
- Yes
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- Investment Opportunity:
- Yes
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- Tenanted:
- Yes
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- Energy Rating:
- N/A
Supporting Documents
General Summary
Entertainment facility situated along the north side of Stateline Road, west of U.S. Highway 51. Features bowling center, roller skating, laser tag, movie theaters and commercial office space under one roof. Currently 95% leased with a projected annual NOI of $228,000 which escalates over leases by 40%. Property also includes out parcel for expansion, alternate use, or for sale independently.
Property Overview:
- 9.22 acre site area
- 112,382 square foot gross building area with 108,404 square foot rentable area.
- 1.46 acre out parcel available.
- Zoned C-4, Planned Commercial District
- 750 parking spaces
This is an outstanding opportunity for investor looking for facility generating monthly lease revenue with room for expansion, or for an operator wanting to take over as leases expire.
For a complete information package, please complete the attached confidentiality agreement.
Location
34-lane bowling alley, lounge, poolroom, snack bar, and childcare area (40,538 square feet), leased for 5 years.
Skating rink with snack bar and party rooms (30,388 square feet), leased for 5years
Laser Tag area (included in skate area), leased for 5 years.
5-Screen Movie Theater (Originally consisted of 8 theaters but three have been combined into one area) (31,718 square feet)
-Entire theater area being leased to a church for 5years.
3,978 square foot mezzanine projection area, also suitable for office and storage.
5,760+ square foot of office space (all but 1,000 square feet leased)
Pricing
The pricing is unfortunately not available for this property online. Please submit your details using the form below and the agent will contact you to discuss this further.