loader
Join Free
Views: 13 DOM: 14 Updated: 11.07.24 Posted: 11.07.24 Status: Active

Summary

Price $12,580,000
Built/Renov 2023
Tenant City Sports Club | LA Fitness
Cap Rate 6.25%
Lease Type Double NN
Guarantor Corp Rated
Size/SF 37,000
Lease Start 03-01-2023
#Units 20
Price/SF $340.00
Expiration 03-29-2038
Tenant Type Sport/Fitness
NOI $786,250
R. Term 13.4
Ownership Fee Simple
Rent/SF $21.25
Increases 8.0%/5/yrs
Pop 5Mi 293,429
Lot/AC 2.08
Options 3/5yrs/8%
AHHI 5Mi $107,256

Lease Highlights

  • Brand new 2023 construction
  • New 15-year corporate-backed lease with 3 (5-year) options to extend
  • Rent increases of 8% or CPI every 5 years
  • Minimal landlord responsibilities
  • Tremendous foot traffic
  • Wealthy growing demographic base

Location Description

Positioned at the busiest retail intersection in Elk Grove and South Sacramento County, this property enjoys combined traffic counts of over 68,900 vehicles per day. Located within the Calvine Pointe Shopping Center and surrounded by high-profile retailers, it offers unparalleled visibility and accessibility within a dense commercial hub. With an average of more than 1,200 site visits per day...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: City Sports Club
  • Guarantor:Corp Rated
  • Company:Fitness International, LLC
  • # Units:20
  • Tenant S&P: B
  • Moody’s: B2
  • Stock:Private

About Tenant

City Sports Clubs is a fitness club that offers a refreshing diversity of amenities including plenty of free weights, cardio machines, personal training, and a wide variety of group fitness...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 22,791 134,186 304,539
2023 Total Population : 22,792 131,036 300,855
2023 Employed Civilian Pop : 10,642 59,443 132,836
2023 Total Businesses : 360 2,766 6,483
2023 Average Household Income : $ 120,353 $ 113,809 $ 115,760
2023 Total Consumer Spending : $ 674 M $ 3868 M $ 9086 M
2023 Median Age : 34 35 35
2023 Total Households : 6,534 39,655 91,511
2023 Pop Age 25+: Bachelor's Degree : 3,334 17,807 41,617
2023 Average Home Value : $ 576,763 $ 556,439 $ 537,276
*ESRI data is presented for informational purposes only

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity