Listed by Marcus & Millichap - San Diego
$12,680,000
LA Fitness | Boynton Beach, FL
Details
Property Type Retail
Sub Type Fitness, Gym
Square Footage 43,000
Cap Rate 7.70%
NOI $976,385
Occupancy 100%
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NNN
Lease Expiration 11/30/2031
Remaining Term 5.5
Rent Bumps Yes
Lease Options (4) 5 Years
Price per SqFt $295
Broker Co-Op Yes
Year Built 2005
Buildings 1
Acreage 3.610
Investment Type Core+
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/22/2016
Ownership Fee Simple
Retail | 7.70% CAP | 43,000 SqFt
Investment highlights
Corporate-Backed Security
Strategic Location
High Traffic Location
Located in a Growing Economic Region
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$976,385.00
$81,365.42/mo
Valuation Metrics
0
DSCR
7.7%
Cap Rate
7.7%
ROI
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