NNN Investment - Planet Fitness - Rio Rancho

Retail-Commercial for Sale
Catylist Listing ID: 29618295
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 19,953 SF
Gross Building Area: See Agent
Sale Price: $4,106,250
Unit Price: $205.80 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Planet Fitness
Sale Terms: Cash to Seller
Cap Rate: 6.4%
Last Updated: 8/10/2017

Overview / Comments

Please contact the agent for more information about this listing.

Financials

Finance Data Year 2015
Net Operating Income $262,800 (Annual)

Current Tenants

Tenant Business Name Planet Fitness
Current Rent $262,800 PSF (Annual)
Lease Expiration 1/0001
Escalations 15% increase year 5

Additional Details

Nearest MSA: Albuquerque
County: Sandoval
Submarket/Township: Rio Rancho
Tax ID/APN: 1013068141354
Property Located Between: Southern Blvd. SE Rio Rancho, NM
Property Visibility: Excellent
Traffic/Vehicle Count: 29,400
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Construction/Siding: Block
Zoning Description: C-1

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,013 83,339 145,828
Median Age: 41.5 38.17 37.38
Households: 6,825 31,979 55,074

Contact

Photograph of Listing Agent

Robert Powell, CCIM

Allen Sigmon Real Estate Group CARNM CIE Member
Photograph of Listing Agent

Jeff A Martinez

Allen Sigmon Real Estate Group
CARNM CIE Member
© Copyright Commercial Association of REALTORS┬« - New Mexico. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS┬« - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.