iFly

10654 Palm River Rd
Tampa, FL 33619

Marketing Materials

Overview

JLL is pleased to offer for sale the a newly built, ground-leased iFLY indoor skydiving location in Tampa, Florida. Situated within the brand new Estuary mixed-use development, the Asset perfectly complements the greater Estuary development which houses a myriad of experiential retail concepts including TopGolf, Skyzone Trampoline Park and Carvana. iFLY dominates the indoor skydiving world with a state-of-the-art wind tunnel systems in each of their 51 highly-profitable company locations with 26 additional facilities currently planned. Operating on a ground lease with over 13 years remaining, the Asset represents an excellent opportunity to acquire an aesthetically striking asset leased to a cutting edge company within a prominent and diversified development.
  • Primary Broker

    Eric Suffoletto - Net Lease Broker
    Eric Suffoletto
    (617) 316-6479

  • In-State Licensee

    Carson Good - Net Lease Broker
    Carson Good
    FL

Contact

First Name*

Last Name*

Company*

Phone Number*

Email*

I am interested in this property. Please contact me at your earliest convenience.


Investment Highlights
Recently Signed Long Term Ground Lease
Brand New Construction with Significant Tenant Investment
Healthy Tenant Expansion with Intensive Site Selection Process
Versatile Experiential Retail Center with Unmatched Accessibility
General
Property Type Retail
Property Address 10654 Palm River Rd
Tampa, FL 33619
Land In Acres 0.82
Building Size 4,967 Square Feet
Primary Use Freestanding
Year Built 2016
Tenancy Single-Tenant
Financial
Price $2,660,000
Price PSF $535.53
Cap Rate 6.20%
Current NOI $165,000
Lease
Tenant Name iFly
Lease Type NNN
Annual Rent $165,000
Rent Escalations 10% every 5 years
Options 4 x 5 years
Lease Expiration Date 11/30/2031
Remaining Term 13.2Yrs