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PROPERTY/LOT
IMMEDIATE LOCATION
AREA LOCATION
TENANT ATTRIBUTES
INVESTMENT/GUARANTOR
DOM: 15 Updated: 08.11.25 Posted: 08.11.25 Status: Active     08.11.25

Summary

Price $3,560,454
Built/Renov 1972/2019
Tenant Skyzone
Cap Rate 9.25%
Lease Type Gross
Guarantor Corporate
Size/SF 30,499
Lease Start 03-10-2018
#Units 300
Price/SF $116.74
Expiration 03-31-2028
Tenant Type General Retail
NOI $329,342
R. Term 2.7
Ownership Fee Simple
Rent/SF $10.80
Increases 0.0%/0/yrs
Pop 5Mi 223,279
Lot/AC 2.00
Options 2/5yrs/4.6%
AHHI 5Mi $101,787

Highlights

  • Sky Zone has operated at this location since 2018 with two 5-year renewal options
  • The lease features scheduled rental increases of 4.6% throughout the term
  • Gross lease with landlord responsible for certain expenses including taxes, insurance, and common area maintenance
  • Corporate guarantee 

Location Description

Sky Zone Trampoline Park is strategically located at the signalized intersection of Highway 47 and 85th Avenue NW, with a combined traffic count of over 47,100 vehicles per day. The property benefits from direct frontage along a major retail corridor anchored by Northtown Mall, the premier shopping destination in Blaine, and is surrounded by national and regional retailers such as Target, Home...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Sky Zone
  • Guarantor:Corporate
  • Company:Circustrix Holdings, LLC.
  • # Units:300

About Tenant

Sky Zone is a premier indoor active entertainment brand, offering immersive trampoline-based attractions and experiential activities designed for children, teens, and families. As a leader in...


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