B+E, the first brokerage and technology platform for net lease real estate, announced the listing of the Urban Air property located at 170 Bass Pro Blvd., Baton Rouge, Louisiana for $6,700,700.
BATON ROUGE, LA, February 12, 2020 /24-7PressRelease/ — B+E, the first brokerage and technology platform for net lease real estate, announced the listing of the Urban Air property located at 170 Bass Pro Blvd., Baton Rouge, Louisiana for $6,700,700.
The NN property is +/- 31,800 square feet and sits on +/- 2.56 acres of land with parking and is listed at an initial cap rate of 7.0%. There are 9 years and 7 months remaining on the lease with rent escalations of 7% every five years.
“This is an excellent investment opportunity with a growing business in a demographically compatible location,” said Kane Morris-Webster, CCIM with B+E. “The concept is internet resistant and with being new construction, has limited deferred maintenance.”
Urban Air is the leader in family entertainment with +/- 23 million guests each year and +/- 300 locations in the U. S. and abroad. The site is well situated between 22 elementary and middle schools and six high schools within a 10-mile radius of the subject property.
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform comprising of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Denver, Tampa and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.
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