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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
24143052

6830 E County Line Rd, Highlands Ranch, CO 80126

TS
TX #452773, CO #ER1000499399
Northmarq - Tulsa
Listed by Northmarq - Tulsa
$21,975,309
354 days on market
Updated 60 days ago

24 Hour Fitness

Details
Property Type Retail, Special Purpose
Sub Type Sports/Entertainment
Square Footage 45,500
Cap Rate 8.1%
NOI $1,780,000
Occupancy 100%
Tenancy Single
Brand/Tenant 24 Hour Fitness
Lease Type NNN
Lease Expiration 02/14/2036
Remaining Term 9.7
Rent Bumps Yes
Lease Options 4, 5-Year options
Year Built 2010
Buildings 1
Stories 2
Acreage 3.610
Parking Spaces 125 spaces
Parking Per SqFt 2.75
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/14/2010
Ownership Fee Simple

Corporate Guarantee | Long-Term Lease w/ Built-In Rent Increases | Heavily Trafficked Retail Area

Marketing description

Northmarq, as exclusive agent, is proud to offer for sale to qualified investors the rare opportunity to acquire the fee-simple interest in 6830 E. County Line Rd, a 45,500 SF single-tenant health club in Highlands Ranch, CO occupied by one of the premier health clubs in the world, 24 Hour Fitness.

The site was built-to-suit for 24 Hour Fitness in 2010 and the original 20-year lease was extended in 2018 for an additional 5 years, demonstrating the tenant's commitment to the site. With direct visibility to over 180K VPD, an expansive site of over 3 acres that provides abundant parking, and a built-in client base from the surround residences, the site is optimally positioned for this premier health club.

Strategically located in the heart of Highlands Ranch, a 22,000-acre master-planned community that is ~12 miles south of Denver, the site benefits from strong surrounding demographics, an active client base and robust traffic counts in this rapidly growing market. Surrounded by both dense residential areas and major retailers, such as Walmart, Sam's Club, Harbor Freight Tools and Hobby Lobby, the consistent traffic and demand create a strong retail synergy in the area and have helped drive real estate values.

Investment highlights

Corporate Guarantee

Long-Term Lease w/ Built In Rent Increases

Heavily Trafficked Retail Corridor

Affluent and Strong Demographics

Denver MSA

Site Commitment

Listing Contacts

TS
TX #452773, CO #ER1000499399
Northmarq - Tulsa
Listed by Northmarq - Tulsa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,780,000.00
$148,333.33/mo

Valuation Metrics

0
DSCR
8.1%
Cap Rate
8.1%
ROI

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Additional Information

Name
Toby Scrivner
License
CO Lic. #ER100049939
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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