LA Fitness 1450 Broadway 45,000 SF Retail Building Saugus, MA 01906 $13,200,000 ($293.33/SF) 8.71% Cap Rate

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the LA Fitness located at 1450 Broadway in Saugus, Massachusetts (the “Property”). The free-standing, single-tenant LA Fitness consists of a 45,000 square foot building on a 4.33-acre parcel of land. LA Fitness has been at this location since its construction in 2008 and recently exercised their first five-year renewal option, demonstrating their commitment to the site and the market. The Absolute NNN lease has over three years of term remaining followed by two (2), 5-year renewal options and calls for attractive rent increases at the start of each renewal option. LA Fitness is situated along Broadway right at the genesis of MA Route 99 off of US Route 1, a prime retail destination in the heart of one of the Boston area’s most established commercial corridors. The Property is situated within a major commercial corridor that includes a surrounding cluster of national retailers, restaurants, and service providers including a Walmart Supercenter, Best Buy, Target, Home Depot, and many others. With outstanding visibility and frontage on Broadway and direct access to Route 1, one of Massachusetts’ busiest commercial roadways, LA Fitness benefits from high daily traffic volumes and strong consumer draw. LA Fitness is a short drive from Interstate 95 and its interchange with MA Route 128 and is within close proximity to densely populated residential neighborhoods throughout Saugus, Melrose, Revere, and Lynn.