Listed by Marcus & Millichap - San Diego
$22,524,350
LA Fitness | West Orange, NJ
Details
Property Type Retail
Sub Type Fitness Center, Gym
Square Footage 48,000
Cap Rate 7.25%
NOI $1,633,016
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NN
Lease Term 15.3
Lease Expiration 06/30/2031
Remaining Term 5.1
Rent Bumps Yes
Lease Options (3) 5 Years
Price per SqFt $469
Broker Co-Op Yes
Year Built 2016
Buildings 1
Acreage 2.590
Parking Spaces 250 spaces
Parking Per SqFt 5.21
Investment Type Net Lease
Tenant Credit Corporate Guarantee, Credit Rated
Lease Commencement 03/31/2016
Retail | 7.25% CAP | 48,000 SqFt
Investment highlights
Top Performing Location Nationwide
Corporate-Backed Security
Prime Essex County Location
Surrounded by Major Retail & Strong Demographics
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$1,633,016.00
$136,084.67/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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