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
About this deal
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.
On the Map
$62
$62/SF
Retail
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Boca Raton Retail Market Snapshot
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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