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Anytime Fitness 2 Retail Properties in Multiple Locations
INVESTMENT HIGHLIGHTS
- 20-Year Absolute NNN Lease
- Corporate Guaranty
- High-Yield Investment
- Proven Fitness Brand
- Experienced Franchise Operator
EXECUTIVE SUMMARY
Northmarq is pleased to present a 20-year absolute NNN sale-leaseback opportunity for two Anytime Fitness locations in Yakima County, Washington. The properties, located in Selah and Sunnyside, total 19,228 square feet across 1.56 acres.
The lease is backed by a top ranked 7-unit Anytime Fitness franchisee that has successfully operated since 2019 with multiple top ranked clubs and is continuing to grow. Anytime Fitness is a nationally recognized fitness franchise known for its 24/7 member access and proven business model with consistent membership-based revenue. The operator brings a strong track record of financial performance and operational excellence within the Anytime Fitness network.
The tenant will execute new 20-year, absolute NNN leases at closing, providing long-term, passive income with annual 2.5% rent escalations and four 5-year renewal options. The leases are corporately guaranteed with the tenant responsible for all operating expenses, taxes, insurance, maintenance, and capital repairs, including roof and structure.
The lease is backed by a top ranked 7-unit Anytime Fitness franchisee that has successfully operated since 2019 with multiple top ranked clubs and is continuing to grow. Anytime Fitness is a nationally recognized fitness franchise known for its 24/7 member access and proven business model with consistent membership-based revenue. The operator brings a strong track record of financial performance and operational excellence within the Anytime Fitness network.
The tenant will execute new 20-year, absolute NNN leases at closing, providing long-term, passive income with annual 2.5% rent escalations and four 5-year renewal options. The leases are corporately guaranteed with the tenant responsible for all operating expenses, taxes, insurance, maintenance, and capital repairs, including roof and structure.
PROPERTY FACTS
| Sale Type | Investment NNN | Individually For Sale | 0 |
| Status | Active | Total Building Size | 19,228 SF |
| Number of Properties | 2 | Total Land Area | 1.56 AC |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 19,228 SF |
| Total Land Area | 1.56 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 201 S 1st St, Selah, WA 98942 | Retail | 8,628 SF | 1991 | - |
| 1710 E Gregory Ave, Sunnyside, WA 98944 | Retail | 10,600 SF | 1960 | - |
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