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2401 Whipple Rd
Hayward, CA 94544
CitySports · Retail Property For Sale
PROPERTY FACTS
ABOUT 2401 WHIPPLE RD , HAYWARD, CA 94544
INVESTMENT HIGHLIGHTS • High Credit Tenant – 100% leased to established credit tenant, Fitness International, LLC operator of City Sports Club and LA Fitness health clubs » Established in 1984, the privately-owned LA Fitness is a leader in the fitness industry and one of the fastest growing health club chains in the US with more than 700 locations in 32 states • Long-Term Corporate NNN Lease – City Sports Club has just under 11 years left (2029 expiration) on its original 15-year corporate lease with three, 5-year options to renew • NNN + Admin/Management Fees – NNN lease with a management fee equal to $0.12/sf/yr, which shall increase 10% every 5 years during the term, resulting in limited landlord responsibilities • Purpose-Built Construction – High-quality, purpose-built health club built in 2013 to Fitness International, LLC’s specifications • Affluent Bay Area Demographics – » More than 12,719 people in a 1-mile radius with an Average Household Income of $111,574 » More than 174,309 people in a 3-mile radius with an Average Household Income of $104,336 » More than 336,073 people in a 5-mile radius with an Average Household Income of $105,059 • Unencumbered, Debt-Free Asset – Delivered debt-free, allowing investors to pay cash or obtain new financing
PROPERTY TAXES
| Parcel Number | 475-0020-145-00 | Improvements Assessment | $7,700,000 |
| Land Assessment | $7,300,000 | Total Assessment | $15,000,000 |
PROPERTY TAXES
