loader
Join Free
Zeekin

Club Studio (LA Fitness)

100 Cedar Avenue, South Windsor, CT 06074

$14,296,300

Cap Rate 6.75%

Views: 12 DOM: 7 Updated: 01.15.25 Posted: 01.15.25 Status: Active 01.15.25

Summary

Price $14,296,300
Built/Renov 2004/2024
Tenant Club Studio (LA Fitness)
Cap Rate 6.75%
Lease Type Abs NNN
Guarantor Corp Rated
Size/SF 43,419
Lease Start 04-23-2024
#Units 728
Price/SF $329.26
Expiration 04-30-2040
Tenant Type Sport/Fitness
NOI $965,000
R. Term 15.3
Ownership Fee Simple
Rent/SF $22.23
Increases 10.0%/5/yrs
Pop 5Mi 128,312
Lot/AC 5.07
Options 3/5yrs/10%
AHHI 5Mi $102,916

Mark Thiel
Marcus & Millichap
Contact

Lease Highlights

  • Club Studio Fitness recently executed a new 15-year lease with 3 (5-year) options to extend
  • Rental increases: Lessor of 10% or CPI*
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Club Studio Fitness is strategically located on Buckland Road, attracting 19,700 vehicles daily and benefiting from proximity to Costco, Whole Foods, and the Promenade Shops. New medical and retail mixed-use developments across the street enhance the area's commercial appeal. Its location near I-84, with 125,600 vehicles per day, offers excellent accessibility for commuters. The 5-mile trade...

...

Key Features

  • Recent renovation

  • Near major nationals

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent suburb location

  • New development zone

  • Brand new lease

  • Absolute NNN

  • Long 10+ yr lease

  • Credit rated company

    • ...

Links

Club Studio Fitness Wikipedia South Windsor, Connecticut Zip Code 06074 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Club Studio
  • Guarantor:Corp Rated
  • Company:Fitness International, LLC
  • # Units:728
  • Tenant S&P: B
  • Moody’s: B3
  • Stock:Private

About Tenant

Club Studio Fitness is a cutting-edge fitness experience that combines boutique fitness classes and luxury amenities into one gym. This upscale fitness concept was launched in 2022 under Fitness...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,558 48,204 127,054
2023 Total Population : 4,536 48,266 128,070
2023 Employed Civilian Pop : 2,442 26,857 69,498
2023 Total Businesses : 552 2,408 5,215
2023 Average Household Income : $ 121,758 $ 121,108 $ 109,331
2023 Total Consumer Spending : $ 217 M $ 2069 M $ 4955 M
2023 Median Age : 43 41 41
2023 Total Households : 2,104 20,063 52,895
2023 Pop Age 25+: Bachelor's Degree : 1,191 10,136 22,228
2023 Average Home Value : $ 381,344 $ 298,028 $ 280,250
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Buckland Rd Deming St 2010 21,300 0.11 mi
Deming St Tamarack Ave 2010 4,500 0.24 mi
CT 30 Felt Rd 2022 443 0.59 mi
Oakland Rd Felt Rd 2012 12,100 0.62 mi
Clark Street Deming St 2022 220 0.63 mi
Ellington Rd Petersen Way 2010 12,200 0.64 mi
Ellington Road Community Rd 2022 434 0.65 mi
Clark St Ellington Rd 2010 5,900 0.65 mi
Buckland Hills Drive Buckland St 2021 13,300 0.73 mi
Sullivan Ave Community Rd 2012 24,400 0.74 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity