Property details
Cash Flow, Southwest Region
Property Description
• Cash Flow Real Estate in a excellent retail locations
• New 15 year cash flow lease
• 10% rental increase in cash flow every 5 years
• Cash Flow Guarantor: Golds Gym International
This cash flow propery is surrounded by other cash flowing retailers in the area includng Kohls, Petco, Walgreens, HEB Plus, Blockbuster and many others including new development such as a proposed WalMart Supercenter.
About the Tenant
Gold's Gym, franchises more than 620 gyms in more than 25 countries, with franchises accounting for most of the company's locations.
Images
Highlights
- Status:
- Available
- Price:
- $8,320,000
- PSF:
- $169
- Cap Rate:
- 8.15%
- Annual Rent:
- $678,068
- Rent Increases:
- 10% rental increase every 5 years
Property Information
- Building Size:
- 49,314 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Retail
- Units/Spaces:
- 1
- Land Area:
- 4.39 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Gold's Gym
- Lease Type:
- NNN
- Lease Commencement:
- 1/17/2008
- Lease Expiration:
- 1/17/2008
- Years Remaining:
- -1 years
- Landlord Responsibilities:
- None - NNN Cash Flow
- Options:
- inquire
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.