Gold's Gym, Miramar Beach, FL | 12200 US Highway 98 W
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Gold's Gym, Miramar Beach, FL 12200 US Highway 98 W
11,032 SF Retail Building Miramar Beach, FL 32550 $5,950,000 ($539/SF) 10% Cap Rate
Investment Highlights
- LOCATION: Traffic count of 51,000 AADT
- 7,000 SF of lot area to expand rear of the building (currently gravel)
- Currently operated as absentee ownership with on-site payroll for management
- Well Established franchise with a grandfathered franchise fee at 3% franchise fee (New locations require 5%)
- True opportunity for owner/operator (reduction of payroll & on-site management efficiencies)
- Complete the build-out of merchandise, supplements, and F&B area for additional revenue
Executive Summary
- Dive into the world of fitness and opportunity with our exclusive video tour of Gold's Gym, strategically located at 12200 US-98 in the vibrant Miramar Beach, FL. This top-tier gym business and building is now on the market, presenting a unique chance for visionary entrepreneurs!
- Featuring state-of-the-art equipment, a wide range of fitness classes, expert personal trainers, and multiple forms of massage therapy, the Gold's Gym Miramar Beach is designed to cater to fitness enthusiasts of all levels. From high-energy group exercises to serene yoga sessions and intensive personal training, discover how this gym meets every member’s needs.
- Situated in a bustling commercial area with high foot traffic, the location promises maximum visibility and easy accessibility. Learn about the established clientele base, growth potential, and why this gym stands out as a leading fitness destination.
- Join us for a detailed walk-through of the facilities, insights into the operational framework, and interviews with staff and loyal gym members. See firsthand why Gold's Gym Miramar Beach is not just a business opportunity but a community pillar in the health and fitness industry.
- Whether you’re looking to invest in a thriving business or expand your footprint in the fitness sector, this video will provide all the information you need to make an informed decision.
- Don’t miss out on this exceptional opportunity. Watch, explore, and envision the potential of Gold's Gym at Miramar Beach. Ready to take the next step? Contact us through the details below for more information or to schedule a private tour.
- Featuring state-of-the-art equipment, a wide range of fitness classes, expert personal trainers, and multiple forms of massage therapy, the Gold's Gym Miramar Beach is designed to cater to fitness enthusiasts of all levels. From high-energy group exercises to serene yoga sessions and intensive personal training, discover how this gym meets every member’s needs.
- Situated in a bustling commercial area with high foot traffic, the location promises maximum visibility and easy accessibility. Learn about the established clientele base, growth potential, and why this gym stands out as a leading fitness destination.
- Join us for a detailed walk-through of the facilities, insights into the operational framework, and interviews with staff and loyal gym members. See firsthand why Gold's Gym Miramar Beach is not just a business opportunity but a community pillar in the health and fitness industry.
- Whether you’re looking to invest in a thriving business or expand your footprint in the fitness sector, this video will provide all the information you need to make an informed decision.
- Don’t miss out on this exceptional opportunity. Watch, explore, and envision the potential of Gold's Gym at Miramar Beach. Ready to take the next step? Contact us through the details below for more information or to schedule a private tour.
Data Room Click Here to Access
- Offering Memorandum
- Miscellaneous
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,032 SF
Year Built/Renovated
1999/2021
Price
$5,950,000
Price Per SF
$539
Cap Rate
10%
NOI
$595,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Land Acres
1.84 AC
Zoning
HWY 98 - (CC) Coastal Center. Most Commercial and Residential uses are permitted
Parking
75 Spaces (6.79 Spaces per 1,000 SF Leased)
Frontage
110 FT on 12200 Hwy 98
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Arts, Entertainment, and Recreation
-
99,999 SF
- -
- -
Gold’s Gym has been the world’s trusted fitness authority since 1965. From its beginning as a small gym in Venice, California, Gold’s Gym has grown into a global icon with hundreds of locations serving millions of people across numerous continents each day. Whether an industry professional or if interested in pursuing a dream to make a passion for Fitness a meaningful reality, they want to help transform lives. Gold’s Gym journey started on a beach in California, their customers' starts today.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Arts, Entertainment, and Recreation | 99,999 SF | - | - |
PROPERTY TAXES
| Parcel Number | 29-2S-21-42000-011-0017 | Total Assessment | $1,833,736 |
| Land Assessment | $0 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
29-2S-21-42000-011-0017
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,833,736
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Kevin Kohler -
Jack Bishop -
The Kohler Team | KW Commercial
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Gold's Gym, Miramar Beach, FL | 12200 US Highway 98 W
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