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- LoopNet Team
2890 Providence Lakes Blvd
Brandon, FL 33511
LA Fitness · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STRONG COMMITMENT TO SITE - EARLY 15 YEAR LEASE EXTENSION AND SUBSTANTIAL REMODEL IN 2017
- UPCOMING RENT INCREASE - THE BUYER WILL BENEFIT FROM THE NEXT RENT INCREASE (10% OR CPI) IN UNDER 2 YEARS
- RARE NNN LEASE - FREESTANDING PARCEL WITH TENANT RESPONSIBLE FOR R&S
- IRREPLACEABLE LOCATION - ADJACENT TO COSTCO AND 4,931+ APARTMENTS OFF INTERSTATE 75 (148,676 VPD NEARBY)
PROPERTY FACTS
AMENITIES
- Bus Line
- Food Court
- Pool
- Pylon Sign
- Signage
ABOUT 2890 PROVIDENCE LAKES BLVD , BRANDON, FL 33511
Marcus & Millichap is pleased to present this rare opportunity to purchase the LA Fitness located in Brandon, FL. The offering is an approximate 45,000–square foot state-of-the-art facility adjacent to Costco and 4,931+ apartments off Interstate 75, with 148,676 vehicles passing daily. This property is a freestanding parcel with a rare NNN lease; the tenant is responsible for Roof and Structure. In 2017, LA Fitness extended their lease early for another 15 years and completed a substantial remodel, demonstrating the Tenant’s strong commitment to this location. The buyer will benefit from the next rent increase of 10% or CPI in under 2 years.
PROPERTY TAXES
| Parcel Number | U-32-29-20-663-000002-69950.A | Improvements Assessment | $6,241,265 |
| Land Assessment | $2,223,514 | Total Assessment | $8,464,779 |
PROPERTY TAXES
