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Urban Air Trampoline Park 351 American Way 27,000 SF 100% Leased Retail Building Cranberry Township, PA 16066 $9,910,315 CAD ($367.05 CAD/SF) 6.89% Cap Rate
Investment Highlights
- Urban Air is the #1 ranked family entertainment franchise (Entrepreneur Magazine), with 350+ locations and no history of closures—delivering proven re
- Cranberry Township is the Pittsburgh region’s fastest-growing suburb, with household incomes exceeding $120K and strong retail adjacency, driving cons
- New 15-year absolute NNN lease with 8% rent bumps every 5 years ensures steady cash flow and inflation protection, with no landlord responsibilities.
Executive Summary
Tenant: Urban Air Adventure Park (largest indoor adventure park operator in the U.S., 350+ locations, consistently ranked #1 entertainment franchise).
Size: ±27,000 SF, purpose-built experiential entertainment space.
Lease: Absolute Triple Net (NNN), zero landlord responsibilities.
Term: 15-year initial term with 8% increases every 5 years. Two 5-year options.
Rent: $18.50/SF ( $499,500 annually)
Location: Prime regional draw in Cranberry Township—fastest-growing Pittsburgh suburb with high household incomes, strong family demographics, and retail synergy.
Franchise Strength: No Urban Air park has ever closed; strong franchisor protections (right to step in and operate if needed); 5-unit Franchisee
Size: ±27,000 SF, purpose-built experiential entertainment space.
Lease: Absolute Triple Net (NNN), zero landlord responsibilities.
Term: 15-year initial term with 8% increases every 5 years. Two 5-year options.
Rent: $18.50/SF ( $499,500 annually)
Location: Prime regional draw in Cranberry Township—fastest-growing Pittsburgh suburb with high household incomes, strong family demographics, and retail synergy.
Franchise Strength: No Urban Air park has ever closed; strong franchisor protections (right to step in and operate if needed); 5-unit Franchisee
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Property Facts
Sale Type
Investment
Sale Condition
Sale Leaseback
Property Type
Retail
Building Size
27,000 SF
Building Class
B
Year Built
2017
Price
$9,910,315 CAD
Price Per SF
$367.05 CAD
Cap Rate
6.89%
NOI
$682,787 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.14
Lot Size
4.40 AC
Zoning
SU-1 - SU-1 Special Use District + CCD Overlay
Parking
105 Spaces (3.89 Spaces per 1,000 SF Leased)
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 130-4F108-25B3-0000 | Improvements Assessment | $334,017 CAD |
| Land Assessment | $7,259 CAD | Total Assessment | $341,277 CAD |
Property Taxes
Parcel Number
130-4F108-25B3-0000
Land Assessment
$7,259 CAD
Improvements Assessment
$334,017 CAD
Total Assessment
$341,277 CAD
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Urban Air Trampoline Park | 351 American Way
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