Listed by CBRE - Orange County
$8,482,000
Chuze Fitness
Details
APN 042-0011-029
Property Type Retail
Sub Type Gym
Square Footage 34,070
Net Rentable (SqFt) 34,070
Cap Rate 7.75%
NOI $657,325
Brand/Tenant Chuze Fitness
Price per SqFt $249
Year Built 2008
Acreage 4.730
Zoning SC-Shopping Center
Retail | 7.75% CAP | 34,070 SqFt
Marketing description
Single Tenant, NNN Lease – STNL offering that is 100% leased to Chuze Fitness (58 locations) on a long-term lease (12 years remaining, plus two, 5-year options)
Improving Returns – NOI is expected to increase nearly $100,000 (15%) over the anticipated hold period, proving a strong hedge against inflation in a tangible asset
Regional Draw – Chuze Fitness is part of the trade area’s dominant community center that is shadow anchored by Walmart Super Center, PetSmart, and others
Desirable Location – Chuze Fitness enjoys immediate access and proximity to CA-SR 99 (±201,000 CPD), providing easy regional access
Listing Contacts
Listed by CBRE - Orange County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$657,325.00
$54,777.08/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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