Skip to main content

Miscellaneous

Altitude Trampoline Park | Northwest Arkansas | Huge Lot | Near University of Arkansas

648 Van Asche Dr, Fayetteville, AR 72704

Listing Price: $4,837,357

Cap Rate
7.36%
Tenant Name
Altitude Trampoline Park
Years Remaining On Lease
5.7
Gross SF
28,234
Guarantor
Franchisee Guarantee
Rentable SF
28,234
Price/Gross SF
$171.33
Lease Type
Double Net
Rent Per Square Feet
$11.99

Investment Overview

Fayetteville is the 2nd city in Arkansas and county seat of Washington County. The city is on the outskirts of the Boston Mountains, deep within the Ozarks. Fayetteville is home to the University of Arkansas, the state’s flagship university. When classes are in session, thousands of students on campus dramatically change the city’s demographics. Thousands of Arkansas Razorbacks alumni and fans travel to Fayetteville to attend football, basketball, and baseball games. The city is colloquially known as the “Track Capital of the World” due to the success and prestige of the University of Arkansas cross country and track & field programs. The University’s men’s cross country and track and field programs have won a combined 41 national championships to date with the women’s teams adding 5 national championships since 2015. Fayetteville was named the third best place to live in the United States in the 2016 U.S. News Best Places To Live Rankings, and one of the best places to retire in the South. Forbes also ranked Fayetteville as the 24th-best city for business and careers in 2016. Lonely Planet named Fayetteville among its top 20 places to visit in the South in 2016. The city hosts the Walmart Shareholders Meetings each year at the Bud Walton Arena.

Investment Highlights

  • Favorable 2% Annual Rental Increases throughout the Initial Term and Options. Minimal Landlord Obligations. High Quality Construction w/ 20 Year Roof Warranty. Huge Lot. Future Covered Land Play.
  • Positioned Along Area's Major Retail & Traffic Corridor: Easy Access & Excellent Visibility. Near to I-49, the Main Arterial of Northwest Arkansas and one of the Heaviest Traveled Thoroughfares in AR.
  • Strong Daytime Employment Area - In Close Proximity to Retail Establishments, Dining, Medical Centers, Offices and many of the City's Hotels.
  • Surrounded by Numerous National Retailers Including Walmart Supercenter, Home Depot, Lowe's, Academy Sports, Target, Whole Foods, Hobby Lobby, Big Lots and many more.
  • Near Washington Regional Medical Center - a 425-Bed Medical Center. Recognized as the #1 Hospital in Arkansas (U.S. News & World Report 2021-22 Best Hospitals List).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $83k within a 1-Mile Radius and over 134k People Residing within a 5-Mile Radius.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $83k within a 1-Mile Radius and over 134k People Residing within a 5-Mile Radius.
  • Walking Distance from Northwest Arkansas Mall - The only enclosed Indoor Shopping Center in the entire Northwest Arkansas Area (832k+ Sq.Ft. and more than 100 Stores). Immediate Area Experiencing Major Growth: Fayetteville has been Ranked Among the Nation's Fastest-Growing Places in the Most Recent Years.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Miscellaneous

Altitude Trampoline Park | Northwest Arkansas | Huge Lot | Near University of Arkansas

Listing Price: $4,837,357

Cap Rate
7.36%
Tenant Name
Altitude Trampoline Park
Years Remaining On Lease
5.7
Gross SF
28,234
Guarantor
Franchisee Guarantee
Rentable SF
28,234
Price/Gross SF
$171.33
Lease Type
Double Net
Rent Per Square Feet
$11.99

Investment Highlights

  • Favorable 2% Annual Rental Increases throughout the Initial Term and Options. Minimal Landlord Obligations. High Quality Construction w/ 20 Year Roof Warranty. Huge Lot. Future Covered Land Play.
  • Positioned Along Area's Major Retail & Traffic Corridor: Easy Access & Excellent Visibility. Near to I-49, the Main Arterial of Northwest Arkansas and one of the Heaviest Traveled Thoroughfares in AR.
  • Strong Daytime Employment Area - In Close Proximity to Retail Establishments, Dining, Medical Centers, Offices and many of the City's Hotels.
  • Surrounded by Numerous National Retailers Including Walmart Supercenter, Home Depot, Lowe's, Academy Sports, Target, Whole Foods, Hobby Lobby, Big Lots and many more.
  • Near Washington Regional Medical Center - a 425-Bed Medical Center. Recognized as the #1 Hospital in Arkansas (U.S. News & World Report 2021-22 Best Hospitals List).
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $83k within a 1-Mile Radius and over 134k People Residing within a 5-Mile Radius.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $83k within a 1-Mile Radius and over 134k People Residing within a 5-Mile Radius.
  • Walking Distance from Northwest Arkansas Mall - The only enclosed Indoor Shopping Center in the entire Northwest Arkansas Area (832k+ Sq.Ft. and more than 100 Stores). Immediate Area Experiencing Major Growth: Fayetteville has been Ranked Among the Nation's Fastest-Growing Places in the Most Recent Years.

Investment Overview

Fayetteville is the 2nd city in Arkansas and county seat of Washington County. The city is on the outskirts of the Boston Mountains, deep within the Ozarks. Fayetteville is home to the University of Arkansas, the state’s flagship university. When classes are in session, thousands of students on campus dramatically change the city’s demographics. Thousands of Arkansas Razorbacks alumni and fans travel to Fayetteville to attend football, basketball, and baseball games. The city is colloquially known as the “Track Capital of the World” due to the success and prestige of the University of Arkansas cross country and track & field programs. The University’s men’s cross country and track and field programs have won a combined 41 national championships to date with the women’s teams adding 5 national championships since 2015. Fayetteville was named the third best place to live in the United States in the 2016 U.S. News Best Places To Live Rankings, and one of the best places to retire in the South. Forbes also ranked Fayetteville as the 24th-best city for business and careers in 2016. Lonely Planet named Fayetteville among its top 20 places to visit in the South in 2016. The city hosts the Walmart Shareholders Meetings each year at the Bud Walton Arena.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

MM Texture Background
MM Textured Background Lower