A single-tenant retail asset located at 8543 Church Ranch Blvd., in Westminster, has just been listed for sale with an asking price of $10,484,247. This net-leased investment opportunity features VASA Fitness as the sole tenant, occupying a 56,592-square-foot facility on a 7.06-acre parcel.
Offered at a 7.75% cap rate, the property delivers a net operating income (NOI) of $812,561, supported by a long-term NNN lease that places operational expenses on the tenant. The current lease runs through April 2033, with 7.8 years remaining, and includes 10% rent escalations every five years, enhancing income predictability for investors. The lease also includes three 5-year extension options, providing long-term stability.
The building was originally constructed in 2000 and underwent renovation in 2018. It is currently operated as a VASA Fitness center and is situated in a commercial corridor near Church Ranch Boulevard. The area includes a mix of retail and dining establishments and is characterized by high vehicle traffic and a sizable daytime population.
The offering is classified as fee simple ownership and is being marketed directly by the property owner.
