450 Ruins Dr Coolidge, AZ 85128

Property Details for 450 Ruins Dr

Lot size

1.00 lot acres

Property size

9,021 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a fee-simple ownership of a 9,021 square foot Anytime Fitness located at 450 W Ruins Dr, Coolidge, AZ 85128. The property boasts a strong 7.60% cap rate and a substantial net operating income (NOI) of $132,000. Secured by a 15-year absolute NNN lease (commencing April 1, 2023, and expiring March 31, 2038), this investment offers significant long-term stability with over 13 years remaining on the initial lease term. The lease includes favorable terms such as 3% annual rent increases and two 5-year renewal options with fair market value rent adjustments. The tenant, a large and successful Anytime Fitness franchisee, operates within a prime retail location. The property sits on one acre of land and benefits from its strategic position across from Safeway Plaza, a 127,000 square foot grocery-anchored center, and near other major retailers including Walmart, Walgreens, and more. Furthermore, its proximity to the 114-lot Coolidge Gateway Manor residential development ensures continued growth and strong tenant demand. This is a truly passive investment opportunity with zero landlord responsibilities for operating or capital expenses, making it an ideal addition to any portfolio. The asking price is $1,736,842.