Listed by Learned Commercial, Inc
$5,995,000
1609 R Avenue
Details
APN P118625
Property Type Retail
Sub Type Fitness Center
Square Footage 12,627
Occupancy 100%
Tenancy Single
Brand/Tenant Thrive Community Fitness
Lease Type NNN
Price per SqFt $475
Year Built 2001
Acreage 1.130
Zoning MMU
Investment Type Sale/Leaseback
Sale/leaseback of successful fitness property.
Marketing description
12,627 +/- sf retail building on 1.13 acres. Occupied by Thrive Community Fitness. Sale/leaseback: new 10-year lease with renewal options at closing. 2.5% annual rental rate increases. Well maintained property with recent improvements. Zoning MMU: Marine Mixed Use. [All information deemed reliable however not guaranteed; verification recommended.]
Investment highlights
12,627 +/- sf retail building on 1.13 acres. Occupied by Thrive Community Fitness. Sale/leaseback: new 10-year lease with renewal options at closing. 2.5% annual rental rate increases. Well maintained property with recent improvements. Zoning MMU: Marine Mixed Use. [All information deemed reliable however not guaranteed; verification recommended.]
Listing Contacts
Listed by Learned Commercial, Inc
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