Description

Our firm is pleased to exclusively offer for sale a two tenant building in Roswell, NM. This newly redeveloped opportunity has a brand new 10 year lease with Exaltare Capital Partners, a Planet Fitness operator with over 50 units. The rent commenced in February 2016 and the property is situated in the heart of the rooftops and adjacent to both the County/City office complex and the high school. A significant value add component exists in the lease up of the additional square footage adjacent Planet Fitness. Planet Fitness is the fastest growing fitness operator in the United States, providing its members low prices and unbeatable value in a relaxed "Judgment Free" atmosphere that allows all people, at all fitness levels, the opportunity to pursue and active and healthy lifestyle. Planet Fitness has over 1,000 locations and is publicly traded (NYSE:PLNT).

REAL ESTATE ONLY:

Price $3,750,000
NOI $276,497
CAP Rate 7.37
Rentable SF 33,532
Occupied SF 21,494

Posted Sep 30, 2016

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