Catylist ID:
#30584992
| Catylist Listing ID: | 30584992 |
| Property Subtypes: | Free-Standing Building, Other |
| Building Size (RSF): | 5,600 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $1,120,000 |
| Unit Price: | $200 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Sale Terms: | Undisclosed, Cash to Seller, Other |
| Cap Rate: | 7.0% |
| Last Updated: | 8/27/2020 |
Overview / Comments
|
PROPERTY OVERVIEW Drake Real Estate & Investments is pleased to offer Anytime Fitness located at the center of the retail corridor in Jacksonville, TX. This property is highly visible at the only lighted intersection adjacent to Jacksonville’s only Wal-Mart Supercenter. Other surrounding retailers include Hibbett Sports, Family Dollar, Walgreens, Chili’s, Verizon, AT&T, Wing Stop, Jersey Mike’s and more. The location along with the experienced operator offers investors a great opportunity in a growing market. PROPERTY HIGHLIGHTS • 100% leased; lease expires 12/31/25 • AADT 21,943 • Excellent visibility • Easy access to Walmart Supercenter and other nearby national retailers |
Attachments & Media
Current Tenants
| Tenant Business Name | Bandon Fitness (Texas) Inc. |
| Industry Type | Other Services |
| Is Renting? | Yes |
| SF of Space Occupied | 5,600 SF |
| Lease Expiration | 12/2025 |
| Escalations | See attached OM |
| Tenant Notes | TENANT HIGHLIGHTS • 55 clubs in Texas, Oklahoma and Kansas • World's Fastest-Growing Gym (Anytime Fitness) THE LARGEST ANYTIME FITNESS FRANSHISEE BASED IN AUSTIN, TX With 55 clubs in Texas, Oklahoma, and Kansas, the Bandon Holdings network has expanded significantly through new development and a prove acquisition strategy, with growth driven by consumer demand for healthier lifestyles. Anytime Fitness, founded in 2002 and headquartered in Woodbury, Minnesota, is the fastest growing fitness club in the U.S. The company follows a medium-cost, high-convenience pricing model and provides a complete gym product offering, as well as convenient, 24-hour access for its members. Anytime's small box format with low build-out costs provides real estate flexibility for broad geographic reach. The brand serves its customer base with over 4,000 fitness centers in more than 30 countries and territories worldwide. Fireman Capital Partners is positions to add significant value to the company as it continues to expand its footprint in targeted areas. FCP will leverage its resources and relationships in the fitness industry in order to add value to the company. Our focus is calculated expansion and further growth in under-penetrated markets through scaling the business. Additionally, the FCP team will continue to pursue a focused acquisition strategy and integration plan, as well as implementing strategic operational enhancements and marketing initiatives. |
Additional Details
| Nearest MSA: | Jacksonville |
| County: | Cherokee |
| Tax ID/APN: | 120543.000000000000000 |
| Retail Clientele: | General, Other |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US Hwy 69 S |
| Tenancy: | Single Tenant |
| Total Number of Buildings: | 1 |
| Typical SF / Floor: | 5,600 SF |
| Property Condition: | Good |
| Year Built: | 2014 |
| Parking Type: | Surface |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 5,762 | 13,910 | 19,188 |
| Median Age: | 31.33 | 31.64 | 33.69 |
| Households: | 2,123 | 4,765 | 6,659 |
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