18550 Dexter Ave - Health Club FOR SALE


Lake Elsinore, CA 92532
$12,365,000 USD
949-431-2735
18550 Dexter Ave, Lake Elsinore, CA for Sale
$12,365,000 USD
Health Club - FOR SALE
1/5
null | 6.25% Cap Rate

18550 Dexter Ave
Lake Elsinore, CA 92532


HIGHLIGHTS

  • Rare, Absolute NNN Lease
  • Recent 10-Year Lease Extension
  • Adjacent to In-n-Out currently under construction

OVERVIEW

• Single-Tenant LA Fitness: ° Corporate Lease with LA Fitness ° Rare Absolute NNN Lease with zero landlord obligations ° Tenant Recently Exercised a New 10-Year Lease Extension, Showing Commitment to the Site ° 10% Rental Increase in 2028 & every Option Period • About LA Fitness: ° Corporately Operated Health Clubs. No Franchising. ° 735 open and operating health clubs across North America, and expanding ° #1 largest health club operator in North America by revenue » $2.2B Estimated Annual Revenue ° 40 Years of Operational Experience

FOR SALE DETAILS

PRICE

$12,365,000 USD

PRICE/SF

$272 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

228

LAND DETAILS

LAND ACRES

4.24 AC

LAND SF

184,694 SF

ZONING

C-2

APN/PARCEL ID

377-090-042

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

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Austin BlodgettRealSource GroupMore Info
949-431-2735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.