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Chuze Fitness 6061 Florin Rd 34,070 SF Retail Building Sacramento, CA 95823 $12,665,183 CAD ($371.74 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Single-Tenant, NNN Lease – 100% NNN leased to Chuze Fitness on a new 15-year lease with two, 5-year options to extend
- Regional Draw – Chuze Fitness a part of the dominant community center, shadow anchored by a high performing Walmart Super Center (NAP)& PetSmart (NAP)
- High Visibility, High Traffic Location – making this the 100% location within the market and boasting over ±85,500 cars per day
EXECUTIVE SUMMARY
* Single-Tenant, NNN Lease – 100% NNN leased to Chuze Fitness on a new 15-year lease with two, 5-year options to extend
* Chuze Fitness is a family-owned fitness club that operates 58 locations across California, Arizona, Colorado, and New Mexico
* Long-Term Lease – Chuze Fitness is on a new, long-term, 15-year lease with multiple extensions to renew, providing an investor long-term stability and virtually eliminating any near-term leasing responsibilities and associated capital costs
* High Visibility, High Traffic Location – Ideally located at the signalized intersection of Florin Rd and Stockton Blvd, two of the primary arterials in the trade area, making this the 100% location within the market and boasting over ±85,500 cars per day
* Regional Draw – Chuze Fitness a part of the dominant community center, shadow anchored by a high performing Walmart Super Center (NAP), PetSmart (NAP) and AutoZone (NAP), as well as a synergistic mix of internet resistant “daily needs” tenants within the heart of Sacramento—the property caters to an expansive, densely populated trade area
* Chuze Fitness is a family-owned fitness club that operates 58 locations across California, Arizona, Colorado, and New Mexico
* Long-Term Lease – Chuze Fitness is on a new, long-term, 15-year lease with multiple extensions to renew, providing an investor long-term stability and virtually eliminating any near-term leasing responsibilities and associated capital costs
* High Visibility, High Traffic Location – Ideally located at the signalized intersection of Florin Rd and Stockton Blvd, two of the primary arterials in the trade area, making this the 100% location within the market and boasting over ±85,500 cars per day
* Regional Draw – Chuze Fitness a part of the dominant community center, shadow anchored by a high performing Walmart Super Center (NAP), PetSmart (NAP) and AutoZone (NAP), as well as a synergistic mix of internet resistant “daily needs” tenants within the heart of Sacramento—the property caters to an expansive, densely populated trade area
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
34,070 SF
Building Class
B
Year Built/Renovated
2008/2022
Price
$12,665,183 CAD
Price Per SF
$371.74 CAD
Cap Rate
7.25%
NOI
$918,249 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
4.73 AC
Opportunity Zone
Yes
Zoning
SC - Shopping Center
Parking
200 Spaces (5.87 Spaces per 1,000 SF Leased)
Frontage
193’ on Stockton Blvd
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Signalized Intersection
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 042-0011-029 | Improvements Assessment | $4,639,976 CAD |
| Land Assessment | $3,148,029 CAD | Total Assessment | $7,788,004 CAD |
PROPERTY TAXES
Parcel Number
042-0011-029
Land Assessment
$3,148,029 CAD
Improvements Assessment
$4,639,976 CAD
Total Assessment
$7,788,004 CAD
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Chuze Fitness | 6061 Florin Rd
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