EoS Fitness

35914 Winchester Road, Winchester, CA 92596

$13,536,000

Cap Rate 6.25%

Updated: 08.06.24 Posted: 05.02.24 Status: Sold

Summary

Price $13,536,000	Built/Renov 2024	Tenant EoS Fitness
Cap Rate 6.25%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 38,000	Lease Start 01-01-2024	#Units 100
Price/SF $356.21	Expiration 12-31-2044	Tenant Type Sport/Fitness
NOI $846,000	R. Term 19.6	Ownership Fee Simple
Rent/SF $22.26	Increases 10.0%/5/yrs	Pop 5Mi 159,525
Lot/AC 4.33	Options 2/5yrs/10%	AHHI 5Mi $142,753

Highlights

Brand new 2024 construction
EoS Fitness recently executed a brand new 20-year lease with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

EoS Fitness is strategically located on Winchester Road/State Hwy 79, with access to 28,000 vehicles passing by daily. The property is ideally situated as the anchor to French Valley Marketplace, a brand-new shopping center featuring well-known national tenants such as Grocery Outlet, McDonald’s (Corporate), Chipotle, and 7-Eleven. Other nearby retail centers include grocery-anchored French...

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Key Features

New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Corporate Guarantee
Over 100 Units backed

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Links

EoS Fitness Wikipedia Winchester, California Zip Code 92596 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: EoS Fitness
Guarantor:Corporate
Company:Bruckmann, Rosser, Sherrill & Co.
# Units:100
Stock:Private

About Tenant

EoS Fitness Opco Holdings, LLC, dba EoS Fitness, is an operator of a chain of fitness clubs. EoS Fitness is based on a low-price membership model, offering affordable and flexible membership plans...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,615	87,911	179,968
2023 Total Population :	4,559	86,141	176,168
2023 Employed Civilian Pop :	1,791	37,846	80,367
2023 Total Businesses :	187	1,606	5,779
2023 Average Household Income :	$ 153,798	$ 143,366	$ 138,682
2023 Total Consumer Spending :	$ 152 M	$ 3056 M	$ 6426 M
2023 Median Age :	32	34	35
2023 Total Households :	1,178	25,183	54,589
2023 Pop Age 25+: Bachelor's Degree :	740	12,972	27,335
2023 Average Home Value :	$ 590,533	$ 607,255	$ 606,160

*ESRI data is presented for informational purposes only

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

369 Listings
84031 Views
175 Sold

Patrick Luther

SRS National Net Lease Group

Contact

420 Listings
92524 Views
208 Sold

Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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