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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

(7.6 MB)

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.

Colliers International
John Barnes
(602) 222-5042

  
Colliers International
Eric Carlton
(949) 724-5561

Spencer O'Donnell
(949) 724-5536




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