Sands Investment Group is Pleased to Exclusively Offer For Sale the Single Tenant Chuze Fitness NNN Asset Located at the Intersection of Central Ave SW & Coors Blvd NW in the City of Albuquerque, NM. This Property Has Approximately 9.5 Years Remaining on the Base Term of the New Lease and Features Strong 10% Increases Every 5 Years Including at the Beginning of Each of the Two (5 Year) Option Periods. With a Rent of $6 Per Square Foot, This Investment Provides Both a Low Price Point Compared With Other Chuze Fitness Assets and a Replaceable Rent. Chuze Fitness Currently Has 60 Locations Throughout Arizona, California, Colorado, Florida, Georgia, New Mexico, and Texas and Conitnues to Expand. Offered at a 7.50% Cap Rate, This Investment Features a Strong Yield, Long Term Secure Lease, With Attractive Rent Growth and Minimal Landlord Responsibilities.
LOW PRICE POINT INVESTMENT FEATURING ATTRACTIVE YIELD WITH RENT GROWTH
- Long Term Lease Featuring Nine and a Half (9.5) Years Remaining on the Base Term and Two Five (5) Year Option Periods Offering a New Investor Security in Addition to a High Yield
- Strong 10% Rental Increases Every Five Years, Providing Hedge For Inflation Throughout Both the Primary Term and Each Option Period
- NNN Lease With Minimal Landlord Responsibilities of Roof & Structure
- Low Price Point Makes For an Optimal 1031 Exchange Opportunity
- Below Market Rent Compared With Other Chuze Investments Providing For Replaceability of Income in the Future
PRIME ALBUQUERQUE LOCATION WITH STRATEGIC ADVANTAGES
- The Property Draws From a Densely Populated Area, With Over 203,000 Residents Residing Within a 5-Mile Radius Contributing to Chuze Fitness’s Sustained Success
- Situated on Central Avenue in Albuquerque, This Property Benefits From Significant Visibility and Traffic Flow, With Over 24,000 Vehicles Passing By Daily; Its Strategic Location Ensures a Constant Stream of Potential Customers
- Affluent Trade Area – Over $65,000 Average Household Income Within a 5-Mile Radius
- The Property’s Proximity to Nearby Retailers Such as Walgreens, Smith’s Food and Drug, Sonic, Wendy’s, Taco Bell, Family Dollar and More, Provides a Consistent Customer Base; Its Strategic Positioning Ensures Reliable Foot Traffic and Continued Business Opportunities
EXPANSIVE NATIONWIDE PRESENCE / INTERNET RESISTANT TENANT
- With 56 Locations Strategically Placed Across Multiple States, Including Arizona, California, Colorado, Florida, Georgia, New Mexico, and Texas, Chuze Fitness Commands a Strong National Presence
- Since Its Inception in 2008, Chuze Fitness Has Demonstrated an Unwavering Commitment to Promoting Health and Fitness Excellence Over the Past Decade, Solidifying Its Reputation as a Trusted Fitness Provider
- Chuze’s Affordable Price Point Model Gives the Tenant a Large Customer Base to Build From
- Fitness is in High Demand as People Continue to Aim to Improve Everyday Health Through Fitness and Exercise Goals
- Fitness Centers Are Highly More Internet Resistant Than Traditional Retailers as Many People Find it Difficult to Workout From Online Trainer Videos
In Cooperation With Sands Investment Group – Lic. #9623 BoR: Andrew Ackerman – Lic. NM #20310
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