$18,000,000 USD
310-295-1170
HIGHLIGHTS
- Newly executed 12-year lease extension providing over a decade of stable cash flow
- Absolute NNN lease — zero landlord responsibilities, hands-off passive investment
- 3% rental increases every 3 years acting as a hedge against inflation
- $1,500,000 in upcoming tenant improvements cementing long-term commitment
- 5.97-acre parcel in Summerlin — exceptionally rare land size in this market
- Avg household income of $132,806 within 1 mile; 200,000+ Summerlin residents
FOR SALE DETAILS
PRICE
$18,000,000 USD
PRICE/SF
$311 USD /SF
CAP RATE
7.08%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
24 Hour Fitness
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
218
LAND DETAILS
LAND ACRES
5.97 AC
LAND SF
260,053 SF
ZONING
P-C
APN/PARCEL ID
138-19-817-003
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
310-295-1170
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
310-295-1170
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
