13822 Garvey Ave
Baldwin Park, CA 91706
LA Fitness (20-Yr. Sale-Leaseback) · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale a brand-new freestanding LA Fitness health club in Baldwin Park, California, which is part of the central Los Angeles MSA. This pride-of-ownership asset is situated at a high visibility, high traffic location, with unrivaled freeway frontage and visibility to 209,000+ vehicles per day on Interstate 10. The location boasts extremely dense demographics, with a population of 244,700+ within a 3-mile radius. LA Fitness is the No. 1 revenue-generating health club company in the industry (non-franchised). The lease is signed and backed by Fitness International, parent company of LA Fitness with 690+ locations in the U.S. and Canada. This development is a rare corporate sale leaseback; a brand-new 20-year NNN lease will be executed at the close of escrow Structured 10 percent increases every 5 years and throughout the option periods will provide strong NOI growth. This freestanding single-tenant asset has zero landlord responsibilities. It is under construction with a grand opening scheduled for summer 2017. This new LA Fitness health club is a new 2017 facility featuring a modern 45,000-square-foot design on 4.01 acres with 300+ parking spaces.