Urban Air Adventure Park
Property Description
New American Adventures LLC, a 5-unit operator, will sign a brand-new 15-year Absolute NNN lease with 8% increases every 5 years and two, 5-year renewal options. The Tenant has been in operation at this location for 8 years with current plans to invest $200,000–$400,000 in capital improvements and new attractionsThis asset enjoys a premier location along the high-traffic Route 19 retail corridor, adjacent to The Streets of Cranberry and surrounded by national retailers such as Target, Dick’s Sporting Goods, Lowe’s, and Walmart. The area benefits from direct connectivity to Interstate 79 and the Pennsylvania Turnpike, reinforcing its regional draw.Cranberry Township is the only Moody’s Aaa-rated municipality in Western Pennsylvania and stands as the region's most financially secure community for long-term investment. The townships exceptional financial stability, paired with 35,000 residents earning a median household income of $125,532, drives continued infrastructure investment and attracts both premier employers and affluent families. Directly adjacent to the subject property, the North Pointe of Cranberry mixed-use development spans 10 acres of retail pads—with multiple ground lease LOIs already in place—and an additional 6 acres reserved for residential development. This project joins other transformative developments such as Charter Homes’ Crescent and Meeder communities and the highly anticipated Wegmans Grocery Store opening at Cranberry Springs.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,250,000 |
| Average Occupancy: | 6.89 |
| Lot Size: | 27,000.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Gasport Garden Apartments
Gasport, New York
JNJ Apartments
Lackawanna, New York
113 Bunker Hill Avenue
Waterbury, ConnecticutBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout