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Views: 192 DOM: 201 Updated: 09.12.24 Posted: 03.21.24 Status: Sold 10.08.24

Summary

Price $4,126,000
Built/Renov 1996/2022
Tenant Chuze Fitness
Cap Rate 0.00%
Lease Type NN+
Guarantor Corporate
Size/SF 51,576
Lease Start 05-19-2022
#Units 60
Price/SF $80.00
Expiration 10-31-2033
Tenant Type Sport/Fitness
NOI $0
R. Term 8.9
Ownership Fee Simple
Rent/SF $6.00
Increases 10.0%/3/yrs
Pop 5Mi 203,340
Lot/AC 5.26
Options 2/5yrs/10%
AHHI 5Mi $172,439

Lease Highlights

  • Chuze Fitness has 8+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Chuze Fitness is strategically located near the intersection of Central Avenue NW and Coors Blvd NW, with access to a combined daily traffic count of 81,191 vehicles. The immediate trade area is surrounded by well-known national tenants including Walgreens, Taco Bell, Sonic, Wendy’s, Family Dollar, and more. Additionally, the neighborhood features key educational institutions such as Alamosa...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Chuze Fitness
  • Guarantor:Corporate
  • Company:Chuze Fitness
  • # Units:60
  • Stock:Private

About Tenant

Chuze Fitness is a regional chain of fitness centers providing multiple membership options for people of all fitness levels. The company offers Group Exercise classes, Team Training, Zumba toning,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 13,580 111,382 207,644
2023 Total Population : 13,786 113,716 210,086
2023 Employed Civilian Pop : 4,637 48,720 93,035
2023 Total Businesses : 320 1,991 5,769
2023 Average Household Income : $ 58,375 $ 77,998 $ 77,625
2023 Total Consumer Spending : $ 264 M $ 2820 M $ 5477 M
2023 Median Age : 33 33 34
2023 Total Households : 5,127 41,387 80,896
2023 Pop Age 25+: Bachelor's Degree : 1,178 9,995 21,032
2023 Average Home Value : $ 246,539 $ 258,158 $ 273,065
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Central Ave Coors Blvd SW 2006 21,000 0.02 mi
Central Avenue Southwest Airport Dr 2022 16,246 0.03 mi
Coors Boulevard Northwest 2018 27,699 0.10 mi
Coors Blvd NW Cam Azul NW 2017 36,500 0.18 mi
Avalon Road Northwest Avalon Rd NW 2022 29,603 0.26 mi
Airport Drive Northwest Avalon Rd 2020 1,871 0.27 mi
Airport Drive Northwest Avalon Rd 2022 2,152 0.27 mi
Central Avenue Southwest Airport Dr 2020 19,797 0.28 mi
FL-4016-P Airport Dr 2021 18,699 0.28 mi
Central Avenue Southwest Airport Dr 2022 19,129 0.28 mi

Listing Broker

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