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4100 Caughlin Pky
Reno, NV 89519

$5,716,800

Health Club For Sale  •  23,396 Sq Ft

Property Details

  • Property Type Health Club
  • Total Building Size 23,396 Sq Ft
  • Lot Size 5.45 ac
  • Building Class A
  • Year Built 1988
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning SEE NOTES
0 Transit Score
7 Walk Score

Description

CAUGHLIN CLUB LEASED INVESTMENT FOR SALE
Single Tenant NNN leased investment
APN 009-821-04
Size 23,396 SF / 5.45 Acres
Square Footage 23,396 SF Clubhouse
Additional Building 5,000 SF Preschool
Type of Lease NNN
Term of Lease 7+ Years on current term
Percent Leased 100%
Monthly Rent $28,584/month / Rent Increase $29727.36/month year 2021 / $30,916.45 in year 2026
Operating Expenses: None (NNN Lease)
Net Operating Income $343,008
Asking Price $5,716,800
CAP Rate 6% (on current income)
Land Area 5.45 Acres
• 9 Championship Tennis Courts
• 25 Meter Swimming Pool with Children’s Pool and Whirlpool
• Full Size Gymnasium for Basketball and Volleyball
• Located on 5.45 Acres
* Racquetball Court
• Complete Health Club
• Cafe and Bar
• 5,000 SF Preschool Adjacent to Fitness Center
• Infant - Kindergarten Summer Camps & Before and After
School Programs
The Caughlin Athletic Club is nestled in the heart of Caughlin Ranch. Caughlin Ranch, in Reno, was developed in 1984 and is a 2,400 acre master planned community. This community is made up of ponds, walking trails, and extensive landscaping in the
common areas, to make it one of Reno’s most premier and sought after residential communities.

Highlights

LOCATION
LONG TERM NNN LEASE
LARGE PARCEL, VERY WELL MAINTAINED

Property Flyers

Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Caughlin Club 23,396 SF 7/31/2027

Amenities

  • Restaurant

Public Transportation

AirportDriveWalkDistance
Reno–Tahoe International Airport 32 min - 8.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 136
Type: Surface
Included in Rent: Yes
Ryan Johnson 775-232-8551 Johnson Group
Ryan Johnson 775-232-8551 Johnson Group