LUCKY STRIKE (NYSE: LUCK) | ABSOLUTE NET 5499 Ten Pin Aly 32,827 SF Retail Building Hilliard, OH 43026 $9,567,909 CAD ($291.46 CAD/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
$9,567,909 CAD
Price Per SF
$291.46 CAD
Cap Rate
7%
NOI
$669,754 CAD
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’ on Constitution Blvd
AMENITIES
- Banking
- Food Court
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Bowlero
- Retailer
- 32,827 SF
- -
- Net
- Feb 2034
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Bowlero | Retailer | 32,827 SF | - | Net | Feb 2034 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 050-002092 | Improvements Assessment | $1,163,095 CAD |
| Land Assessment | $489,355 CAD | Total Assessment | $1,652,450 CAD |
