202 Main Ave, Clifton, NJ 07014

State of the Art New York Sports Club

202 Main Ave, Clifton, NJ 07014

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• Price:
  $8,500,000
• Building Size:
  30,000 SF
• Price/SF:
  $283.33
• Property Type:
  Retail
• Property Sub-type:
  Free Standing Bldg
• Property Use Type:
  Net Lease Investment with 10+ years left on lease
• Cap Rate:
  8.40%
• Occupancy:
  100%
• Tenancy:
  Single
• Lot Size:
  2.27 AC
• Find Out More...

Last Verified  1/6/2011 Listing ID  16486796

Highlights

• Located on 2.27 Acres
• Convenient Location on Main Ave in Clifton, NJ
• Parking for Over 155 Cars

• State of The Art Facility
• NNN Lease with New York Sports Club

Description

NEW STATE OF THE ART FACILITY! This New York Sports Club is in pristine condition. There is parking for over 155 cars on site. No expense has been spared in the build out of this space. Everything in the gym is state of the art. There are separate cardio and free weight rooms, as well as private studios for boxing, cycling and yoga. There is also a juice bar and a childcare center.
*******Over the next 8 years the average income is $717,000 per year.*******

The property is conveniently located just off of Route 3 on Main Ave. in Clifton, NJ. Clifton is a densely populated suburb of New York City.
This New York Sports Club is located in an area of big box retailers. These retailers include Costco, Target, Barnes & Noble, Sports Authority and Staples.

Financial Summary

• Actual
• Net Operating Income
  $714,000