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1900 N Flamingo Rd
Pembroke Pines, FL 33028
LA Fitness | Pembroke Pines FL · Retail Property For Sale
Investment Highlights
- Strategic Flamingo Road Location
- Positioned within Dominant Retail Corridor
- Strong Tenant Commitment
- Strong Consumer Spending Base
Executive Summary
The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant LA Fitness located in Pembroke Pines, Florida. The 40,040 SF fitness facility is leased to Fitness International, LLC, the parent company of LA Fitness, under a long-term absolute NNN lease with more than eight years of remaining term. The offering provides investors with stable, passive cash flow backed by one of the nation’s largest health club operators, featuring a 6.25% cap rate and contractual rent increases throughout the remaining lease term.
Located along North Flamingo Road, which sees more than 40,000 vehicles per day, the property benefits from exceptional visibility within one of South Florida’s most established retail corridors. Pembroke Pines is home to more than 8 million square feet of retail space and generates approximately $4.8 billion in annual retail sales, supported by a dense residential population and strong consumer spending that drives long-term demand for retail and fitness uses.
Located along North Flamingo Road, which sees more than 40,000 vehicles per day, the property benefits from exceptional visibility within one of South Florida’s most established retail corridors. Pembroke Pines is home to more than 8 million square feet of retail space and generates approximately $4.8 billion in annual retail sales, supported by a dense residential population and strong consumer spending that drives long-term demand for retail and fitness uses.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
40,040 SF
Building Class
B
Year Built
2000
Price
$14,870,800
Price Per SF
$371.40
Cap Rate
6.25%
NOI
$929,427
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
5.25 AC
Zoning
PUD
Parking
251 Spaces (6.27 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 51-40-10-02-4965 | Improvements Assessment | $6,062,360 |
| Land Assessment | $4,572,240 | Total Assessment | $10,634,600 |
Property Taxes
Parcel Number
51-40-10-02-4965
Land Assessment
$4,572,240
Improvements Assessment
$6,062,360
Total Assessment
$10,634,600
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