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Chuze Fitness 6061 Florin Rd 34,070 SF Retail Building Sacramento, CA 95823 $12,652,299 CAD ($371.36 CAD/SF) 7.25% Cap Rate
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
2008
Price
$12,652,299 CAD
Price Per SF
$371.36 CAD
Cap Rate
7.25%
NOI
$917,315 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
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 042-0011-029 | Improvements Assessment | $4,496,356 CAD |
| Land Assessment | $3,050,589 CAD | Total Assessment | $7,546,945 CAD |
Property Taxes
Parcel Number
042-0011-029
Land Assessment
$3,050,589 CAD
Improvements Assessment
$4,496,356 CAD
Total Assessment
$7,546,945 CAD
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Chuze Fitness | 6061 Florin Rd
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