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Updated: 03.29.24 Posted: 10.17.23 Status: Inactive 03.22.24

Summary

Price $6,059,322
Built/Renov 1920/2023
Tenant Goldfish Swim School
Cap Rate 5.90%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 7,325
Lease Start 11-01-2021
#Units 20
Price/SF $827.21
Expiration 07-01-2037
Tenant Type Sport/Fitness
NOI $357,500
R. Term 12.2
Ownership Fee Simple
Rent/SF $48.81
Increases 10.0%/3/yrs
Pop 5Mi 111,942
Lot/AC 0.15
Options 2/5yrs/10%
AHHI 5Mi $80,495

Lease Highlights

  • Brand-new construction for Goldfish Swim School
  • Tenant has over 13 years remaining with 2 (5-year) options to extend
  • The lease features 10% rent increases every 5 years in primary term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Personal guarantee by BHB Group, the first and largest franchisee of Goldfish Swim Schools

Location Description

The subject property is situated at the signalized, hard corner intersection of 35th Avenue and 34th Street, just steps from the N/Q New York city subway line (2.44M annual passengers). It is also a short walk from the M/R subway line which sees 1.3M annual passengers. The site is located 4 miles From La Guardia Airport, 15 miles From John F. Kennedy International Airport, and 19 Miles from...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Goldfish Swim School is an owner and operator of state-of-the-art aquatic swimming facilities throughout the United States and Canada. Their schools offer a wide variety of programs, including...


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Listing Broker

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