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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 1 Updated: 09.21.25 Posted: 09.21.25 Status: Active     09.21.25

Summary

Price $7,250,000
Built/Renov 2017
Tenant Urban Air
Cap Rate 6.33%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 27,000
Lease Start 12-01-2025
#Units 5
Price/SF $268.52
Expiration 11-30-2040
Tenant Type Sport/Fitness
NOI $459,000
R. Term 15.00
Ownership Fee Simple
Rent/SF $17.00
Increases 8.0%/5/yrs
Pop 5Mi 71,998
Lot/AC 4.40
Options 2/5yrs/8%
AHHI 5Mi $149,409

Highlights

  • New American Adventures LLC, a 5-unit Urban Air operator, has signed a brand-new 15-year  lease
  • Urban Air Adventure Park is the #1 family entertainment brand with 350+ locations
  • The lease includes 8% rent escalations every 5 years
  • Tenant has two (2) 5-year renewal options
  • Tenant has been operating at this location for 8 years
  • The tenant will invest $200,000–$400,000 in capital improvements post-close of escrow
  • Absolute NNN lease with zero landlord responsibilities

Location Description

Urban Air is strategically located on American Way in Cranberry Township, with direct connectivity to both Interstate 79 and the Pennsylvania Turnpike (I-76), placing it within one of the most active and accessible retail corridors in the Pittsburgh metropolitan area. The property is directly adjacent to the North Pointe of Cranberry, a mixed-use development...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Urban Air
  • Guarantor:Franchisee
  • Company:New American Adventures LLC.
  • # Units:5

About Tenant

Urban Air Adventure Park is a leading chain of indoor amusement parks that offers a wide range of activities and attractions designed to provide fun and excitement for all ages. Founded in 2011,...


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