URBAN AIR 3401 SOUTHBEND DRIVE DENISON (OUTSIDE DALLAS), TX 75020 - investment offering
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URBAN AIR
3401 SOUTHBEND DRIVE
investment offering DENISON (OUTSIDE DALLAS), TX 75020
ACTUAL SITE
TABLE OF CONTENTS DISCLAIMER
This Marketing Package was prepared by Wertz Real Estate Investment Services and DZ Net Lease
Realty LLC (“Broker”) solely for the use of prospective buyer considering the purchase of the Property
within (the “Property”) and is not to be used for any other purpose. Neither the Broker nor the Owner of
the Property make any representation or warranty, expressed or implied, as to the completeness or
accuracy of the material contained in the Marketing Package.
Prospective purchasers of the Property are advised that changes may have occurred in the physical or
financial condition of the Property since the time this Marketing Package or the financial statements
herein were prepared. Prospective purchasers acknowledge that this Marketing Package and the
financial statements herein were prepared by Broker, and not by Owner, and are based upon
assumptions or events beyond the control of both Broker and Owner, and therefore may be subject to
variation. Other than current and historical revenue and operating expense figures for the Property,
Owner has not, and will not, provide Broker or any prospective purchaser with any projections regarding
the Property. Prospective purchasers of the Property are advised and encouraged to conduct their own
comprehensive review and analysis of the Property.
Financial Overview 3 The Marketing Package is a solicitation of interest only and is not an offer to sell the Property. The Owner
and Broker expressly reserve the right, at their sole discretion, to reject any or all expression of interest or
Tenant Overview
offers to purchase the Property and expressly reserve the right, at their sole discretion, to terminate
4 discussions with any entity at any time with or without notice.
The Owner shall have no legal commitments or obligations to any entity reviewing the Marketing Package
Executive Summary 5 or making an offer to purchase the Property unless and until such offer is approved by Owner pursuant to
its Governing Authorities and the signature of the Owner or Owner’s representative is affixed to a Real
Estate Purchase Agreement prepared by Owner.
Property Photos 6-9 This Marketing Package is confidential. By accepting the Marketing Package, you agree (i) that you will
hold and treat the Marketing Package and its contents in the strictest confidence, (ii) that you will not
Location Map 10 photocopy or duplicate any part of the Marketing Package, (iii) that you will not disclose the Marketing
Package or any of its contents to any entity without the prior authorization of the Owner, and (iv) that you
will not use the Marketing Package in any fashion or manner detrimental to the Owner or Broker.
Area Map 11 Broker has obtained the information contained in this Marketing Package from sources we believe to be
reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation
Market Overview 12 about it. It is submitted subject to the possibility of errors, omissions, changes of price, rental or other
conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions,
assumptions, or estimates for example only, and they may not represent current or future performance of
Demographic Report 13 the Property. You and your tax and legal advisors should conduct your own investigations of the physical
condition of the Property and of the financial performance of its future Ownerships.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT BROKER FOR
MORE DETAILS.
For more information contact:
John R. Wertz Michael Mulvihill
Tel: (619) 218-6427 Tel: (858) 442-7298 Listed with Texas broker
jwertz@wertzrealestate.com mmulvihill@wertzrealestate.com DZ Net Lease Realty, LLC
CA Lic No. 01448585 CA Lic. No. 02059623 Lic. No. 9002851
financial overview
ACTUAL SITE
OFFERING SUMMARY
PRICE $4,895,000
DOWN PAYMENT 100% / $4,895,000
RENTABLE SQUARE FEET 30,000 SF
cap rATE 6.00%
year built / renovated 2020
lot size 3.09 +/- Acres
ANNUALIZED OPERATING DATA
type of ownership Fee Simple
Rent Increases Annual Rent Monthly Rent
TENANT SUMMARY Years 1-5 $293,700.00 $24,475.00
Year 6 $302,511.00 $25,209.25
TENANT TRADE NAME Urban Air Adventure Park
Year 7 $311,586.33 $25,965.53
OWNERSHIP Private
Year 8 $320,933.92 $26,744.49
LEASE GUARANTOR Personal Guarantee
Year 9 $330,561.94 $27,546.83
LEASE TYPE NNN
Year 10 $340,478.80 $28,373.23
LANDLORD RESPONSIBILITY Foundation & Exterior Walls
Year 11 $350,693.16 $29,224.43
original lease term Fifteen (15) Years
Year 12 $361,213.95 $30,101.16
rent commencement date 07/01/2020
Year 13 $372,050.37 $31,004.20
lease expiration date 06/30/2035
Year 14 $383,211.88 $31,934.32
term remaining on lease Fourteen (14) Years
Year 15 $394,708.24 $32,892.35
increases 3.0% Annually Starting Year-6
OPTIONS TO RENEW (3) 5-Year Options BASE RENT $293,700.00
RIGHT OF FIRST REFUSAL No NET OPERATING INCOME $293,700.00
TOTAL RETURN yr-1 6.00% $293,700.00
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
TENANT overview
URBAN AIR ADVENTURE PARK PROPERTY NAME Urban Air Adventure Park
Urban Air Adventure Park is a large-scale indoor family entertain- PROPERTY ADDRESS 3401 Southbend Drive
ment center hosting open play, fitness classes, dodgeball and Denison (Outside Dallas), TX 75020
parties. The company boasts locations across the United States, PROPERTY TYPE Single Tenant Net Lease
Canada and the United Kingdom with more than 250 parks open
or under development. oWNERSHIP Private
Urban Air features many popular activities such as the Slam Dunk LEASE GUARANTOR Personal Guarantee
Zone, Sky Rider (indoor coaster), climbing walls, arcades, obsta- TERM REMAINING ON LEASE Fourteen (14) Years
cle courses and playgrounds. With the ability to hold birthdays,
events, and other activities, there’s no shortage of opportunities OPTIONS TO RENEW (3) 5-Year Options
with Urban Air. lease type NNN
In January 2021 Entrepreneur magazine’s Franchise 500® LANDLORD RESPONSIBILITY Foundation & Exterior Walls
ranked Urban Air as the number one entertainment franchise for
the third year in a row and #55 Franchise overall, for its outstand- INCREASES 3.0% Annually Starting Year-6
ing performance in areas including unit growth, financial strength year 1 net operating income $293,700
and stability, and brand power. No franchise-run location has ever
closed with Zero (0) SBA Loan Defaults. Noted as one of the fast- no. of locations 250+
est growing family entertainment centers in the world, Urban Air headquartered Frisco, TX
continues to rack up accolades across the board.
website www.UrbanAirTrampolinePark.com
years in the business Since 2010
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
executive summary
INVESTMENT OVERVIEW INVESTMENT HIGHLIGHTS
The subject property is a newly constructed Urban Air Adventure
Park located in Denison (Outside Dallas), TX. There are just over • Brand New 2020 Construction
14-years remaining on the 15-year absolute NNN lease with 3%
annual rent increases starting year-6. The property is strategically • 15-Year NNN Lease w/ 3.0% Annual Increases Starting Year-6
located within Gateway Village, a 255,000 SF master planned
retail and entertainment center. Gateway Village is adjacent to
THF Park that has over 250,000 annual visitors, only 9 miles south • Stratigically Located within Gateway Village, a 255,000 Square
of Lake Texoma with over 6M annual visitors, and there are Foot Master Planned Retail & Entertainment Center
currently 1,129 new homes being built in the primary trade area.
The site benefits from its excellent visibility along one of the most • Excellent Visibility Along US Hwy 75 (Over 68,000 Cars per Day)
heavily trafficked thoroughfares in Denison (US Hwy 75), which
boasts over 68,500 vehicles per day. Across Hwy 75 is Texoma • Average Household Income Exceeds $75,000 (3-Mile Radius)
Medical Center, the largest hospital in the region with 414 beds
and over 3,600 employees. Within 5-miles of the subject property
• 9.0% Expected Population Growth Over Next 5-Years
there are over 28,600 residents with an expected population
growth of 9.0% over the next 5 years.
ACTUAL SITE
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property
ACTUAL SITE
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property
ACTUAL SITE
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property
75
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68,50
0 VPD
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0 VP
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Gateway Village is a 255,000
Square Foot Master Planned
Retail & Entertainment Center
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
subject property
!"#$ 68,500
VPD
75
Gateway Village is a 255,000
Square Foot Master Planned
Retail & Entertainment Center
0 VPD
8,50
+,-&./0
)*
%&'(
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
LOCATION MAP The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
AREA MAP The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.
MARKET overview
DALLAS-FORT WORTH, TEXAS
Denison is a city in Grayson County, Texas, United States. The community is a suburb of Dallas Fort Worth and is located off the I-75 and I-82. Denison is located in the
Dallas-Fort Worth Combined Statistical Area (CSA) which includes 11 counties in the state of Texas. It is the economic and cultural hub of North Texas. Residents of the
area also refer to it as DFW (airport code), or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area's population was 7,573,136 according to the U.S.
Census Bureau's 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S.,
and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States.
The metropolitan region's economy is primarily based on banking, commerce, insurance, telecommunications, technology, energy, healthcare, medical research,
transportation and logistics. As of 2020, Dallas–Fort Worth is home to 24 Fortune 500 companies, the third-largest concentration of Fortune 500 companies in the United
States behind New York City (70) and Chicago (34). In 2016, the metropolitan economy surpassed Houston to become the fourth-largest in the U.S. The Dallas–Fort Worth
metroplex boasted a GDP of just over $620.6 billion in 2020. If the Metroplex were a sovereign state, it would have the twentieth largest economy in the world as of 2019.
In 2015, the conurbated metropolitan area would rank the ninth-largest economy if it were a U.S. state. In 2020, Dallas–Fort Worth was recognized as the 36th best
metropolitan area for STEM professionals in the U.S.
The Dallas–Fort Worth metroplex comprises the highest concentration of colleges and universities in Texas. The UT Southwestern Medical Center is home to six Nobel
Laureates and was ranked No. 1 in the world among healthcare institutions in biomedical sciences. The Metroplex is also the second most popular metropolis for
megachurches in Texas (tied with the Greater Houston metropolitan area), ranked the largest Christian metropolitan statistical area in the U.S., and has one of the largest
LGBT communities in Texas since 2005.
Most Populous Metro 4th Largest MSA Host to Over 60,000
in Texas and the Southern in the Nation with an Economic Students Across its Higher
United States Output of $471.2 Billion in 2016 Education Facilities
The information contained herein has been obtained from the owners or from other sources deemed reliable. We have no reason to doubt its accuracy but regret we cannot guarantee it. References to square
footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. All properties subject to change or withdrawal without notice. Wertz Real Estate Investment Services, Inc.DEMOGRAPHIC REPORT
ACTUAL
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SITE
population 1 MILE 3 MILES 5 miles households 1 MILE 3 MILES 5 miles
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. DZ Net Lease Realty, LLC 9002851 david@dznetlease.com 702.304.9900 David B Zacharia 634656 david@dznetlease.com 702.304.9900
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