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| Price $12,321,000 | Built/Renov 2022 | Tenant LA Fitness |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corp Rated |
| Size/SF
37,000
| Lease Start
12-29-2022
| #Units
800
|
| Price/SF $347.43 | Expiration
12-31-2037
| Tenant Type Sport/Fitness |
| NOI $739,260 | R. Term 12.2 | Ownership Fee Simple |
| Rent/SF
$19.98
| Increases 0.0%/0/yrs | Pop 5Mi 176,188 |
| Lot/AC 4.08 | Options 3/5yrs | AHHI 5Mi $150,426 |
| | |
The newly constructed prototype design features Fitness International's modern 37,000-square-foot state-of-the-art facility on a 4.08-acre lot with abundant parking and high foot traffic. Strategically located at the high-traffic intersection of US 380 and FM 423, the site benefits from significant synergy within a dynamic retail hub anchored by major national brands like Kroger, Home Depot,...
...New construction
High traffic 50M+ VPD
Dense retail corridor
Highway location
Dense 100M+ pop 5 mi
Top 100 MSA
Affluent AHHI $100K 5 Mi
New development zone
Income tax free state
Credit rated company
Fitness International, LLC (dba LA Fitness) is one of the fastest-growing health club chains in the U.S . Founded in 1984 in Los Angeles, CA, today they operate under the brand names LA...
| 1 Miles | 3 Miles | 5 Miles | |
| 2030 Total Population : | 17,627 | 114,723 | 250,427 |
| 2025 Total Population : | 10,003 | 89,862 | 197,370 |
| 2025 Employed Civilian Pop : | 5,086 | 46,285 | 103,751 |
| 2025 Total Businesses : | 180 | 975 | 3,984 |
| 2025 Average Household Income : | $ 205,196 | $ 188,150 | $ 181,437 |
| 2025 Total Consumer Spending : | $ 521 M | $ 4502 M | $ 10005 M |
| 2025 Median Age : | 36 | 35 | 35 |
| 2025 Total Households : | 3,038 | 28,348 | 65,043 |
| 2025 Pop Age 25+: Bachelor's Degree : | 2,436 | 20,069 | 43,609 |
| 2025 Average Home Value : | $ 717,301 | $ 584,640 | $ 575,270 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| W University Dr | Doe Creek Rd | 2013 | 46,598 | 0.27 mi |
| Farm-to-Market Road 423 | W University Dr | 2022 | 35,333 | 0.28 mi |
| FM 423 | W University Dr | 2013 | 17,322 | 0.39 mi |
| Good Hope Rd | W University Dr | 2009 | 80 | 0.51 mi |
| Fishtrap Rd | Gee Rd | 2004 | 440 | 0.66 mi |
| Rockhill Parkway | Renner Ln | 2022 | 11,741 | 0.71 mi |
| Hawkins Ln | Dirt RdThrough Field | 2001 | 226 | 0.73 mi |
| Gibbs Rd | Hawkins Ln | 2001 | 218 | 0.79 mi |
| FM 1385 | Magnolia Blvd | 2012 | 8,700 | 0.93 mi |
| Farm-to-Market Road 1385 | W University Dr | 2022 | 17,253 | 0.95 mi |
Fern Park, FL
Cap Rate 7.00%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 39,758
Jeffersonville, IN
Cap Rate 6.50%
Lease Double NN
R. Term 13.40 yrs
Size/SF 63,281
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
