Westwood Net Lease Advsiors is proud to present a single tenant asset leased to Golds Gym Franchisee on a 10 year lease (including 10% increases every 5 years). Purchase Price is $4,374,812 (7.75% cap).
The subject property is located on Indian Lake Blvd with 28,000 cars/dayand across from a Wal-Mart/Home Depot Power Center.
The property was originally built as multi-tenant retail and can easily be converted back should current tenant leave after the base term. Current rent is estimated to be below the immediate retail market which could further enhance an investor’s return.