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Miscellaneous

Lucky Strike (NYSE: LUCK) - World’s Largest Bowling Operator | Absolute Net | 20Yr Operating History

5499 Ten Pin Alley, Hilliard (Columbus MSA), OH 43026

Listing Price: $6,857,143

Cap Rate
7.00%
Tenant Name
Lucky Strike
Years Remaining On Lease
9.1
Gross SF
32,827
Guarantor
Corporate Guarantee
Rentable SF
32,827
Price/Gross SF
$208.89
Lease Type
Absolute Net
Rent Per Square Feet
$14.62

Investment Overview

Hilliard, OH, is a vibrant suburb of Columbus, located in Franklin County. The area is known for its family-friendly environment and growing community, making it a great location for businesses. Hilliard boasts a mix of residential neighborhoods, parks, and commercial developments. The local economy benefits from its proximity to Columbus, offering residents easy access to urban amenities while maintaining a suburban charm.

The Ten Pin Alley location is close to several key retail and dining areas, which could help attract families and groups looking for entertainment. Hilliard's population has been steadily growing, driven by excellent schools and a focus on community events, such as the annual Franklin County Fair and the Old Hilliard Fest Art & Street Fair.

The area’s demographics include young professionals, families, and retirees, making it a diverse customer base. It is also well-connected via major highways like I-270, which circles Columbus, providing easy access for both local patrons and visitors from neighboring areas.

In summary, the Site is situated in a thriving community with a strong mix of families, commerce, and entertainment. It has the potential to attract a steady stream of customers, thanks to the surrounding amenities and Hilliard's ongoing growth.

Investment Highlights

  • Corporate Backed Absolute Net Lease Featuring a 10% Rental Increase in 2029 and at Each Option. Free Standing Single Tenant Building.
  • Ten Pin Alley is a Premier Destination for Bowling and Families Alike. 20+ Year Operating History and Low Rent.
  • Densely Populated and Affluent Area: Features an Average Household Income of $121k+ within a 3-Mile Radius and more than 151k People Residing within a 5-Mile Radius.
  • Located in a Prime Commercial Area, this Property Offers Excellent Visibility and Accessibility, making it an Ideal Investment for those seeking High-Traffic locations with Strong Potential for Attracting Customers and Generating Business Opportunities.
  • Minutes from The Ohio State University - The Campus has grown into the 3rd Largest University in the Nation, with nearly 50k Undergraduate Students and nearly 15k Graduate Students.
  • Near The Well - a 105k Sq.Ft. Recreation and Wellness Campus Development featuring a Gym, Indoor Track, Fitness Rooms, Studios, Classrooms, a Community Events Room, Commercial Kitchen, Child Watch Area, Outdoor Patio, and Aquatic Facility w/ Pools and Spa.
  • Lucky Strike Entertainment (NYSE: LUCK) is the Largest Bowling Operator in the World with a Diverse Portfolio of 350 Locations Strategically Positioned in Appealing Markets. Operates a Highly Profitable Model Generating approximately $200 Million in Annual Cash Flow.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction. Walking Distance from Roger A. Reynolds Municipal Park – spans 130 Acres and Features Hilliard's Largest Pool Complex, with Multiple Pools and a Lazy River. It also includes a new Inclusive Playground with Swings, Climbing Structures, and Accessible Equipment.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Financing By

Miscellaneous

Lucky Strike (NYSE: LUCK) - World’s Largest Bowling Operator | Absolute Net | 20Yr Operating History

Listing Price: $6,857,143

Cap Rate
7.00%
Tenant Name
Lucky Strike
Years Remaining On Lease
9.1
Gross SF
32,827
Guarantor
Corporate Guarantee
Rentable SF
32,827
Price/Gross SF
$208.89
Lease Type
Absolute Net
Rent Per Square Feet
$14.62

Investment Highlights

  • Corporate Backed Absolute Net Lease Featuring a 10% Rental Increase in 2029 and at Each Option. Free Standing Single Tenant Building.
  • Ten Pin Alley is a Premier Destination for Bowling and Families Alike. 20+ Year Operating History and Low Rent.
  • Densely Populated and Affluent Area: Features an Average Household Income of $121k+ within a 3-Mile Radius and more than 151k People Residing within a 5-Mile Radius.
  • Located in a Prime Commercial Area, this Property Offers Excellent Visibility and Accessibility, making it an Ideal Investment for those seeking High-Traffic locations with Strong Potential for Attracting Customers and Generating Business Opportunities.
  • Minutes from The Ohio State University - The Campus has grown into the 3rd Largest University in the Nation, with nearly 50k Undergraduate Students and nearly 15k Graduate Students.
  • Near The Well - a 105k Sq.Ft. Recreation and Wellness Campus Development featuring a Gym, Indoor Track, Fitness Rooms, Studios, Classrooms, a Community Events Room, Commercial Kitchen, Child Watch Area, Outdoor Patio, and Aquatic Facility w/ Pools and Spa.
  • Lucky Strike Entertainment (NYSE: LUCK) is the Largest Bowling Operator in the World with a Diverse Portfolio of 350 Locations Strategically Positioned in Appealing Markets. Operates a Highly Profitable Model Generating approximately $200 Million in Annual Cash Flow.
  • Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail, Medical & Housing Developments Under Construction. Walking Distance from Roger A. Reynolds Municipal Park – spans 130 Acres and Features Hilliard's Largest Pool Complex, with Multiple Pools and a Lazy River. It also includes a new Inclusive Playground with Swings, Climbing Structures, and Accessible Equipment.

Investment Overview

Hilliard, OH, is a vibrant suburb of Columbus, located in Franklin County. The area is known for its family-friendly environment and growing community, making it a great location for businesses. Hilliard boasts a mix of residential neighborhoods, parks, and commercial developments. The local economy benefits from its proximity to Columbus, offering residents easy access to urban amenities while maintaining a suburban charm. The Ten Pin Alley location is close to several key retail and dining areas, which could help attract families and groups looking for entertainment. Hilliard's population has been steadily growing, driven by excellent schools and a focus on community events, such as the annual Franklin County Fair and the Old Hilliard Fest Art & Street Fair. The area’s demographics include young professionals, families, and retirees, making it a diverse customer base. It is also well-connected via major highways like I-270, which circles Columbus, providing easy access for both local patrons and visitors from neighboring areas. In summary, the Site is situated in a thriving community with a strong mix of families, commerce, and entertainment. It has the potential to attract a steady stream of customers, thanks to the surrounding amenities and Hilliard's ongoing growth.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    First Vice President Investments

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

Financing By

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