Reece Crossing Center | Sky Zone Anchored
8.08% CAP | 8+ Year WALT | 100% Occupied
Marketing description
Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the Reece Crossing Center located at 3716 Gentian Blvd in Columbus, Georgia. The fully stabilized asset totals 41,163 square feet on 3.57 acres and is comprised of three units. The property is anchored by Sky Zone Columbus, a nationally franchised indoor trampoline park, and is complemented by Escapology, and a local barbershop. The anchor tenant executed a brand-new 10-year lease extension effective through March 2036 with compounding 3.0% annual rent escalations and one, 5-year option to renew. The guaranty is backed by five individual personal guarantors representing a combined net worth of $5.4 million and combined annual income of $5.1 million. Sky Zone is one of the world’s largest operators of indoor trampoline parks in the world with 320+ locations across the U.S. and internationally. Columbus is anchored by Fort Benning, one of the largest Army installations in the United States, and is home to major employers including AFLAC, Synovus Financial, and W.C. Bradley Co.
Investment highlights
Prime Investment Opportunity
100% Occupied Entertainment Center Anchored by Sky Zone in Columbus, GA | Co-Tenants Include Escapology & Doobies Barber Shop
Brand-New 10-Year Sky Zone Term
Sky Zone Executed a Brand-New 10-Year Lease Extension Effective Through March 31, 2036 | One Five-Year Renewal Option | 3.0% Annual Rent Escalations | Strong Guaranty
Strong Multi-Party Franchisee Guaranty
Five Individual Personal Guarantors with a Combined Net Worth of $5.4 Million and Combined Annual Income of $5.1 Million | All Jointly & Severally Liable | Strong Operator with Nine Total Locations
Nationally Franchised Entertainment Anchor
Sky Zone is the Original & Largest Indoor Trampoline Park Brand in the World | Owned by CircusTrix with 320+ Locations Across the U.S. and Internationally
Significant Tenant Capital Investment
Sky Zone & Escapology Have Collectively Invested Over $2.3 Million in Tenant Improvements & FF&E | Highly Specialized, Capital-Intensive Build-Outs Strongly Support Long-Term Tenancy
High-Traffic Retail Corridor & Strong Consumer Demographics
Fort Benning & Major Corporate Employers Drive Consistent Year-Round Family Entertainment Demand | Located Less than 0.7 Miles from Columbus State University (8,100+ Students)
Strategic Location within Established Military Market
Columbus is Home to Fort Benning, One of the Largest Army Installations in the United States | Major Employers Include AFLAC, Synovus Financial, & W.C. Bradley Co.
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