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: 9/13/2018

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
Zoning: SU-1
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

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Daniel Kearney

Retail Solutions CARNM CIE Member
Photograph of Listing Agent

Austin Tidwell

Retail Solutions CARNM CIE Member
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