Planet Fitness - Absolute NNN

Retail-Commercial for Sale
Catylist Listing ID: 29618262
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 16,464 SF
Gross Building Area: See Agent
Sale Price: $2,829,750
Unit Price: $171.88 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Planet Fitness
Sale Terms: Cash to Seller
Cap Rate: 6.4%
Last Updated: 5/30/2017

Overview / Comments

Please contact the agent for more information about this listing.

Financials

Finance Data Year 2015
Net Operating Income $181,104 (Annual)

Current Tenants

Tenant Business Name Planet Fitness
Website URL www.planetfitness.com
Industry Type Retail Trade
Is Renting? Yes
SF of Space Occupied 16,464 SF
Current Rent $181,104 PSF (Annual)
Lease Expiration 1/0001
Escalations 13% rate increase beginning year 6

Additional Details

Nearest MSA: Albuquerque
County: Bernalillo
Submarket/Township: Cottonwood
Tax ID/APN: ABQ8674
Property Located Between: Irving Blvd. and Golf Course Rd.
Property Visibility: Excellent
Traffic/Vehicle Count: 10,300
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Construction/Siding: Concrete - Tilt up
Total Parking Spaces: 70

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,415 79,802 180,359
Median Age: 35.01 36.76 37.92
Households: 7,476 30,244 70,215

Contact

Photograph of Listing Agent

Jeff A Martinez

Allen Sigmon Real Estate Group
CARNM Member

Source

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