Search

Menu
Home » Retail News » Anatomy of a Lease » Anatomy of a Lease: Fun City Adventure Park in Columbus, Ohio
in Anatomy of a LeasePremium

Anatomy of a Lease: Fun City Adventure Park in Columbus, Ohio

Photo credit: First National Realty Partners

The trampoline park will occupy a former movie theater space in the Carriage Place Shopping Center in Columbus. Carriage Place is a dominant, highly visible community center at a highly trafficked intersection that sees a combined 53,000 vehicles per day. The center benefits from a high-traffic Walmart as its anchor tenant, ensuring consistent customer flow. Other tenants include Half Price Books, Jiffy Lube and McDonald’s. The center is situated in central Columbus, serving the families of Columbus, Upper Arlington and Dublin. It is in a dense and affluent trade area with over 265,000 residents with an average household income of over $141.4K within a five-mile radius. The lease term is a secure 10 years, providing predictable income for investors. Fun City is slated to open late 2024.

Tenant: Fun City Adventure Park
Location: Columbus, Ohio
Square Footage: 35,000 s.f.
Property Type: Regional Shopping Center
Owner/Developer: First National Realty Partners (FNRP)
Initial Term: 10 Years

FNRP took the former Cinemark movie theater space and is transforming it into a thriving Fun City Adventure Park, creating a destination for families in the area. The space had multiple structural and layout challenges. The small frontage may make it difficult for potential customers to notice the business — impacting foot traffic and overall visibility. While the former movie theater had limited frontage, its conversion into a unique entertainment center reduces direct competition and offers a fresh attraction for shoppers.

There are also signage constraints as there may be restrictions on the size and placement of signage, making it harder to attract attention from passersby. Movie theaters are designed with large, open spaces and sloped floors, which may not be ideal for a trampoline park that requires flat, open areas for safe jumping. Significant renovations might be needed to remove theater seating, level the floors, and install the necessary equipment, which can be costly and time-consuming.

First National Realty Partners
151 Bodman Place, Suite 201
Red Bank, NJ 07701
David Roth, VP of Leasing
(914) 610-5193
droth@fnrpusa.com

Picture of admin

admin

You May Also Like

Sale of the Week: Riverview Plaza in Frederick, Maryland

admin August 1, 2024

Finmarc Management, Inc. acquired Riverview Plaza, a 185,275-s.f. regional shopping center in Frederick for $30M. The center is anchored by T.J. Maxx, Michaels, PetSmart and Bob’s Discount Furniture, and shadow anchored by The Home Depot and Target. Other tenants include Staples, Sierra and Old Navy. The property was 95% leased at the time of the transaction. More

Strategic moves will shape the future of the biggest arts and crafts retailers

Liberty Schauf July 30, 2024

The landscape of arts and crafts retailers is evolving rapidly, marked by significant expansions, strategic partnerships and innovative approaches to customer engagement. Prominent industry players such as Michaels and JoAnn are making headlines by crafting a future full of potential. Their latest initiatives highlight how each adapts to market demands by threading creativity into every More

Anatomy of a Lease: Fun City Adventure Park in Columbus, Ohio

admin July 25, 2024

The trampoline park will occupy a former movie theater space in the Carriage Place Shopping Center in Columbus. Carriage Place is a dominant, highly visible community center at a highly trafficked intersection that sees a combined 53,000 vehicles per day. The center benefits from a high-traffic Walmart as its anchor tenant, ensuring consistent customer flow. More

Fowl play: How fast-food chains are redefining the chicken game – Part 2

Liberty Schauf July 23, 2024

(Click here for part 1.) The global landscape of fast-food chicken restaurants is rapidly evolving and pulsating with energy. Major players such as Zaxby’s, Church’s Texas Chicken, Dave’s Hot Chicken, El Pollo Loco and Bojangles are all vying for a larger slice of the market. These chains show no signs of slowing down with their More

Retailers are placing their bets on the Northeast

admin July 18, 2024

Retailers of all types such as apparel shops, furniture stores, restaurants, gyms and grocers are all setting their sights on new units throughout the Northeast. Many look toward the Tri-State Area for new locations, along with the Boston MSA. These chains are betting on sites in mixed-use properties, shopping centers, outlet centers and even malls More

Fowl play: How fast-food chains are redefining the chicken game – Part 1

Liberty Schauf July 16, 2024

(Click here for part 2.) The global landscape of fast-food chicken restaurants is rapidly evolving and pulsating with energy. Major players such as KFC, Popeyes, Chick-fil-A, Wingstop, Krispy Krunchy Chicken, Chick N Max and Raising Cane’s are all vying for a larger slice of the market. These chains show no signs of slowing down with More

Texas sees a busy start to the summer

admin July 11, 2024

There have been a lot of new retail store openings and leasing activity in Texas over the last month or so. Retailers adding new units in the Lone Star State include restaurant chains, apparel shops, fitness centers, sporting goods stores and entertainment venues. While the major MSAs such as Houston, San Antonio and Dallas see More

Decron Properties acquires shopping center in San Diego for $99 million

admin July 9, 2024

Decron Properties, one of the largest privately owned real estate firms in California, has acquired Mira Mesa Market West Shopping Center from Stockbridge Capital Group for $99 million. The 238,747-square-foot shopping center is located in the San Diego submarket of Mira Mesa. The center is anchored by Home Depot, Smart & Final and CVS. Each More

Load More
Trending Now

  • Popular

    in Latest Retail Trends, Premium

    Retailers are placing their bets on the Northeast

    Retailers of all types such as apparel shops, furniture stores, restaurants, gyms and grocers are all setting their sights on new units throughout the Northeast. Many look toward the Tri-State Area for new locations, along with the Boston MSA. These chains are betting on sites in mixed-use properties, shopping centers, outlet centers and even malls More

  • Hot Popular

    in Premium, Retail News

    100 largest retail tenants in America

    The Crittenden Retail Tenants newsletter and directory has been providing accurate contact information and inside news on the nation’s largest and fastest-growing retailers for the past 20 years. Retail has changed dramatically over the last decade but continues to surprise with robust performance and new players. We have taken the time to identify the largest More

  • Popular

    in Anatomy of a Lease, Premium

    Anatomy of a Lease: Fogo de Chão in Paramus, N.J.

    Fogo de Chão signed an NNN lease for its first restaurant in the state of New Jersey, which will be a 7,648-s.f. space in the upscale Westfield Garden State Plaza indoor shopping mall in Paramus. The deal came to fruition before the pandemic hit, and everyone involved worked diligently to push it to completion. The More

Back to Top
Close

Download Your Free Guide to the Top 100 Retail Tenants in the US

Get all the information you need to close deals faster and easier
Download Now