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4252 N Drinkwater Boulevard - Corepower Yoga Scottsdale, Scottsdale, AZ

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4252 N Drinkwater Boulevard - Corepower Yoga Scottsdale

Scottsdale, AZ 85251 - Central Scottsdale Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2003
Building Size:4,700 SF Land Area:.48 AC (20,826 SF)
For Sale Price:$2,679,800 Price/SF:$570.17
Cap Rate:5.75 %
Parking:16 Surface spaces are available; Ratio of 3.9/1,000 SF

Sale Notes:
TROPHY HARD CORNER! We are pleased to offer a single tenant investment that is 100% leased to Corepower Yoga on a corporate lease. This is a fee simple (ownership of land and building) lease that includes approximately 9+ years remaining on an original 10 year lease. There are 2 - 5 Year option periods. The lease includes attractive 9.38% rental escalation, providing an investor with excellent inflation protection and rapid growth in NOI. Moreover, this particular Corepower Yoga brand is operated by Level 4 Yoga, LLC; the largest franchisee with 25+ studios. The property is comprised of 4,700 square feet and is situated on a .48 acre lot.

RARE OLD TOWN SCOTTSDALE SITE! With over 90,000 residents in the surrounding 3 mile radius; the property has excellent demographics. Additionally, with 44% of the surrounding population between 15 and 44, this location takes advantage of an exceptional target demographic. Corepower Yoga caters to all levels of Yoga enthusiasts from beginners classes to advanced classes. With over 160 store locations they are one of the largest privately held yoga studios chain in the U.S. This is a rare opportunity to buy an excellently located Corepower Yoga with strong fundamentals, operated by the largest Corepower Yoga Franchisee in the United States with rare 9.38% rental escalations, and minimal landlord obligations.

Colliers International
John Barnes
(602) 222-5042

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