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Crunch Fitness 3740 Buford Dr 24,800 SF Retail Building Buford, GA 30519 $7,040,000 ($283.87/SF) 7.15% Cap Rate
Executive Summary
- Crunch Fitness (Private) | Franchise Location (CR Fitness Holdings, LLC – 70 Units) | 500+ Locations & 2.5–3 Million Members | $1.7 Billion in System-Wide Annual Revenue According to Reuters
- Newer 2023 Construction | 13.3 Years of Firm Term Remaining | 2.00% Rental Increases Every 5 Years | Three (5-Year) Options | Absolute NNN Lease
- Dense & Stable Demographics (149,059 residents with an average household income of $112,214 within 5 miles) | 1 Mile Northwest of the Mall of Georgia (14 Million Annual Visitors) | Main-on-Main Retail Corridor with All National Retailers Present on Buford Dr (97,400 VPD) | 32 Miles Northeast of Downtown Atlanta
- Newer 2023 Construction | 13.3 Years of Firm Term Remaining | 2.00% Rental Increases Every 5 Years | Three (5-Year) Options | Absolute NNN Lease
- Dense & Stable Demographics (149,059 residents with an average household income of $112,214 within 5 miles) | 1 Mile Northwest of the Mall of Georgia (14 Million Annual Visitors) | Main-on-Main Retail Corridor with All National Retailers Present on Buford Dr (97,400 VPD) | 32 Miles Northeast of Downtown Atlanta
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
24,800 SF
Building Class
B
Year Built
2023
Price
$7,040,000
Price Per SF
$283.87
Cap Rate
7.15%
NOI
$503,360
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
4.80 AC
Zoning
C2 - General
Parking
154 Spaces (8.09 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
- Monument Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 7-219-160 | Improvements Assessment | $1,529,640 |
| Land Assessment | $304,960 | Total Assessment | $1,834,600 |
Property Taxes
Parcel Number
7-219-160
Land Assessment
$304,960
Improvements Assessment
$1,529,640
Total Assessment
$1,834,600
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Crunch Fitness | 3740 Buford Dr
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