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LA Fitness | 10yr Corp NN w/ Increases 200 S US Highway 17-92 34,000 SF 4-Star Retail Building Longwood, FL 32750 $9,950,000 ($292.65/SF) 7.26% Cap Rate
INVESTMENT HIGHLIGHTS
- 10 Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | Well Known & Established Tenant
- Retail Corridor | National/Credit Tenants | Direct Consumer Base |Near Heavily Trafficked Intersection (108,400 VPD)
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
LA Fitness investment property located in Longwood, Florida. The tenant, Fitness International, LLC, has approximately 10 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features $1.50 PSF rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, minimal-management investment opportunity for a passive investor. Founded in 1984, LA Fitness is one of the largest health club brands in the country with 700+ locations.
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pool
- Pylon Sign
- Signage
- Signalized Intersection
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Arts, Entertainment, and Recreation
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
LA Fitness continues to increase its presence by focusing on the one lifelong benefit valued by everyone: good health. Founded in Southern California in 1984, LA Fitness continues to seek innovative ways to enhance the physical and emotional well-being of their increasingly diverse membership base. Today, their state-of-the-art clubs span the continent, and they are still expanding. Their strong and successful growth stems from their commitment to understanding and meeting the distinct needs of each community they serve. With their wide range of amenities and a highly trained staff, they provide fun and effective workout options to family members of all ages and interests.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
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|
Arts, Entertainment, and Recreation | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-21-30-504-0000-0020 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,502,165 |
PROPERTY TAXES
Presented by
LA Fitness | 10yr Corp NN w/ Increases | 200 S US Highway 17-92
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