Listed by Marcus & Millichap - San Diego
$9,256,238
VASA Fitness | Lafayette, IN
Details
Property Type Retail
Sub Type Fitness Center, Gym
Square Footage 60,719
Cap Rate 8.00%
NOI $740,499
Brand/Tenant VASA Fitness
Lease Type NN
Lease Expiration 12/31/2034
Remaining Term 8.6
Rent Bumps Yes
Lease Options (3) 5 Years
Broker Co-Op Yes
Year Built 1995
Year Renovated 2019
Buildings 1
Acreage 6.320
Parking Spaces 486 spaces
Parking Per SqFt 8.00
Investment Type Net Lease
Lease Commencement 12/28/2019
Ground Lease No
Retail | 8.00% CAP | 60,719 SqFt
Investment highlights
Health Rent & Low Price Point
Established Fitness Brand Presence
Prime Location in a Growing Market
Strong Local Economy
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$740,499.00
$61,708.25/mo
Valuation Metrics
0
DSCR
8%
Cap Rate
8%
ROI
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