1320 E Broad St
Fuquay Varina, NC 27526
O2 Fitness (Fuquay Crossing) · Retail Property For Sale

RTP Capital Advisors is pleased to present O2 Fitness at Fuquay Crossing, a 100% occupied strip center with NNN leases recently renovated in 2016. This strip center comes with a new, 20 year NNN lease for the anchor tenant, O2 Fitness, the triangle’s premier fitness club and the largest fitness operator in the Carolinas with 28 locations throughout North and South Carolina. O2 Fitness has occupied the property for the past eight years while the other tenants have been at the property for over 13 years, further demonstrating the viability of this location. Fuquay-Varina has long been a top choice for those relocating to the area because of its high standard of living, affordable housing market, and accessibility to the Triangle and since 2010, Fuquay-Varina’s population has increased by over an estimated 40%. Fuquay-Varina is also located in the Raleigh-Cary metro area, one of the fastest growing in the nation with an estimated population increase of over 70% in the next 25 years. Running through Fuquay-Varina’s downtown is US Route 401, providing direct access to downtown Raleigh, while nearby NC Hwy 55 and Interstate 540 provide accessibility to Research Triangle Park, one of the largest research parks in the world. In addition, planning for the final leg of Interstate 540 is currently underway. This project will fully encircle Raleigh at completion and provide Fuquay-Varina residents with better accessibility to the greater Triangle area. Located in the heart of Fuquay-Varina’s central business corridor, the subject property is surrounded by popular retailers and restaurants. Across the street is a Kroger anchored shopping center while a Walmart Supercenter, Food Lion, and dozens of popular restaurants such as Starbucks, Chick-fil-A, Moe’s Southwest Grill, and more are nearby. O2 Fitness at Fuquay Crossing offers investors the opportunity to acquire a NNN leased strip center anchored by the Triangle’s leading fitness club in the Fuquay-Varina market, the Triangle’s top bedroom community. We are pleased to offer this property at a price of $5,346,000, representing a 6.50% cap rate.