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6600 North Military Trail

Equinox Signs NNN Lease For 50,500 SF Retail Space At 6600 North Military Trail In Boca Raton
LEASEDRetail

Equinox Signs NNN Lease For 50,500 SF Retail Space At 6600 North Military Trail In Boca Raton

6600 North Military Trail

$62

$62/SF

Building Size

37,000 SF

Asset Type

Retail

Closing

Feb 11, 2025

AI

The property asset is located at 6600 North Military Trail in Boca Raton, consisting of a total square footage of 50,500 dedicated to retail use. The lease for this property is a triple net (NNN) lease, which delineates responsibilities regarding property taxes, insurance, and maintenance costs.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 6600 North Military Trail
  • Market: Boca Raton
  • Landlord: PEBB Enterprises & Related Group
  • Tenant: Equinox
  • Tenant's Representative: Daniel Cardenas - Vertical Real Estate
  • Lease Type: NNN Lease

Equinox will incorporate outdoor space featuring a pool, cabanas, cold plunge, hot plunge, and padel courts as part of their lease agreement for the property. The representation of the tenant in this transaction was handled by Daniel Cardenas from Vertical Real Estate.

Players

Daniel Cardenas

Vertical Real Estate

Broker

$26.6M

vol

8 deals

Broker
E
EquinoxTenant

Boca Raton Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93