345 State Road 436 - Health Club FOR SALE


Casselberry, FL 32730
$12,300,000 USD
689-666-9560
345 State Road 436, Casselberry, FL for Sale
$12,300,000 USD
Health Club - FOR SALE
1/7
null | 6.5% Cap Rate

345 State Road 436
Casselberry, FL 32730


HIGHLIGHTS

  • MAJOR INTERSECTION. Subject is off of a hard corner that sees over 121,000 VPD.
  • AFFLUENT POPULATION DENSITY. 5,600+ apartment units within 3 miles.
  • LIMITED GYM COMPETITION. No LA Fitness or Orangetheory Fitness within 3 miles.

OVERVIEW

STNL.com is pleased to present this 100% fee simple single-tenant EOS Fitness in Casselberry, FL which is part of the Orlando MSA. This 43,033/SF triple net property is conveniently situated amongst a plethora of economic anchors perhaps most notably being the property’s proximity to a major arterial thoroughfare that sees 121,000 VPD traveling within 0.3 miles of EOS Fitness. This intersection of US 17-92 and State Rd. 436 has led to many leading national retailers to take notice of its busy traffic counts. Just within 0.5 miles of the subject property you’ll find Floor & Décor, Lowe’s Home Improvement & a future BJ’s Wholesale Club. These retailers and EOS Fitness will be able to capitalize upon the desirable affluent consumer that resides in this area as just within 3 miles of the property, not only will you find over 5,600 apartment units but the average household income exceeds $96,000.00 The initial term on this single tenant offering is 15 years in length and runs through April of 2039. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. Through the balance of the lease the owner will enjoy a 7.18% blended CAP. This property can be acquired for $12,300,000.

FOR SALE DETAILS

PRICE

$12,300,000 USD

PRICE/SF

$286 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EOS Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C-2, County

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

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