Listed by Ripco Real Estate
$12,897,600
LA Fitness at Midway
Details
APN 27-29-15-57787-000-0010
Property Type Special Purpose
Sub Type Freestanding, Fitness
Square Footage 45,000
Cap Rate 6%
NOI $773,856
Occupancy 100%
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NN
Lease Term 4.2
Lease Expiration 07/31/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options Three (3), Five-Year Options
Broker Co-Op Yes
Year Built 2014
Buildings 1
Stories 1
Acreage 4.750
Zoning C2
Parking Spaces 252 spaces
Parking per 1,000 SqFt 5.60
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 05/27/2014
Occupancy Date 05/26/2014
LA Fitness | 45,000 SF | Opportunity Zone | Tenant since 2014
Marketing description
Freestanding, Fitness listing at 1229 Missouri Avenue N. | LA Fitness at Midway, Largo, Florida, Tampa Bay MSA 33770
Investment highlights
- LA Fitness is a national fitness brand owned by Fitness International
- LA Fitness has been a tenant since 2014
- There are 4.25 years remaining on the initial term, with three (3), five-year options remaining
- Corner location at Missouri Avenue (US-19 Alternate) and Jasper Street, a signalized intersection
- Missouri Avenue has an AADT of 30,000
Listing Contacts
Listed by Ripco Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$773,856.00
$64,488.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
CG CommercialGeneral CommercialCommercial General
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