Listed by Marcus & Millichap - San Diego
$12,000,000
LA Fitness | Recent 10 Yr Lease Extension | 7.50% Cap Rate
Details
Property Type Retail
Sub Type Fitness, Gym
Square Footage 50,040
Cap Rate 7.50%
NOI $900,000
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NN
Lease Expiration 03/31/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options (3) 5 Years
Price per SqFt $240
Broker Co-Op Yes
Year Built 2010
Acreage 3.820
Parking Spaces 250 spaces
Parking per 1,000 SqFt 5.00
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/08/2010
Rent Commencement 09/07/2010
Ground Lease No
Top Performer | $625K in Future Upgrades | $116K Ave. HHI 5-Miles | Broadview, IL
Marketing description
For Sale
Investment highlights
- Strong Commitment & Future Upgrades
- Part of Broadview Village Square Power Center
- Top Performing Corporate Location
- Strong Demographics and Economic Growth
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$900,000.00
$75,000.00/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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