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Fitness Center

Crunch Fitness | 7.50% Cap Rate | 10 Year Lease | N. Las Vegas, NV

2106 W Craig Rd, North Las Vegas, NV 89032

Listing Price: $7,000,000

Cap Rate
7.50%
Tenant Name
J&T Fit North Las Vegas, LLC
Years Remaining On Lease
8.9
Guarantor
Personal Guarantee
Rentable SF
35,000
Lease Type
Double Net
Rent Per Square Feet
$15.00

Investment Overview

b. Marcus and Millichap is pleased to present Crunch Fitness in North Las Vegas, NV. The offering is a 35,000 SF facility built on 4.27 Acres of land with excellent visibility to W. Craig Road serving over 35,326 vehicles per day. The offering is inclusive of a 10-year lease with a structured rental increase of 10% every 5 Years, with two, five-year renewal options. Only 10 miles from the Las Vegas Strip, this property is situated in a dense retail corridor adjacent to many national and local retailers including Burlington Coat Factory, GameStop, Big 5, Outback Steakhouse, Dunkin’ Donuts, T-Mobile, Subway, Coldstone, Taco Bell, I-Hop, Dollar General and many more.

Investment Highlights

  • Corporate & Income Tax Free State
  • Excellent Demographics
  • Structured Rent Increases
  • Dense Retail Corridor
  • Outstanding Location

Exclusively Listed By

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) NV: B.1002463.CORP

    Nevada

Fitness Center

Crunch Fitness | 7.50% Cap Rate | 10 Year Lease | N. Las Vegas, NV

Listing Price: $7,000,000

Cap Rate
7.50%
Tenant Name
J&T Fit North Las Vegas, LLC
Years Remaining On Lease
8.9
Guarantor
Personal Guarantee
Rentable SF
35,000
Lease Type
Double Net
Rent Per Square Feet
$15.00

Investment Highlights

  • Corporate & Income Tax Free State
  • Excellent Demographics
  • Structured Rent Increases
  • Dense Retail Corridor
  • Outstanding Location

Investment Overview

b. Marcus and Millichap is pleased to present Crunch Fitness in North Las Vegas, NV. The offering is a 35,000 SF facility built on 4.27 Acres of land with excellent visibility to W. Craig Road serving over 35,326 vehicles per day. The offering is inclusive of a 10-year lease with a structured rental increase of 10% every 5 Years, with two, five-year renewal options. Only 10 miles from the Las Vegas Strip, this property is situated in a dense retail corridor adjacent to many national and local retailers including Burlington Coat Factory, GameStop, Big 5, Outback Steakhouse, Dunkin’ Donuts, T-Mobile, Subway, Coldstone, Taco Bell, I-Hop, Dollar General and many more.

Exclusively Listed By

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): NV: B.1002463.CORP

    Nevada

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