loader
Join Free
Zeekin

VASA Fitness

4106 South Western Avenue, Oklahoma City, OK 73109

$8,320,786

Cap Rate 7.21%

Views: 165 DOM: 202 Updated: 12.13.24 Posted: 06.03.24 Status: Active

Summary

Price $8,320,786
Built/Renov 2019
Tenant VASA Fitness
Cap Rate 7.21%
Lease Type Double NN
Guarantor Corporate
Size/SF 50,326
Lease Start 10-05-2019
#Units 53
Price/SF $165.34
Expiration 11-04-2034
Tenant Type Sport/Fitness
NOI $599,534
R. Term 9.10
Ownership Fee Simple
Rent/SF $11.91
Increases 9.0%/5/yrs
Pop 5Mi 217,458
Lot/AC 6.49
Options 3/5yrs/9%
AHHI 5Mi $61,179

Mark Thiel
Marcus & Millichap
Contact

Steve Greer
Marcus & Millichap
Contact

Lease Highlights

  • VASA Fitness has 10+ years remaining on the current lease term with 3 (5-year) options to extend
  • The lease features 9% rental escalations throughout the initial term and option periods
  • Minimal landlord responsibilities 
  • Corporate guaranteed lease

Location Description

VASA Fitness is strategically located on South Western Avenue, with access to 17,300 vehicles passing by daily. The property is adjacent to the major medical campus, VASA Integris Southwest Medical Center. Additionally, the #1 Walmart Neighborhood Market in Oklahoma City is located south of the property, according to Placer.ai. This store is the 48th most-visited store in the Walmart...

...

Key Features

  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Hospital close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Long 10+ yr lease

  • Top performing store

  • Corporate Guarantee

    • ...

Links

VASA Fitness Wikipedia Oklahoma City, Oklahoma Zip Code 73109 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: VASA Fitness
  • Guarantor:Corporate
  • Company:VASA Fitness
  • # Units:53
  • Stock:Private

About Tenant

VASA Fitness is an operator of fitness clubs throughout the United States, and the largest operator of health clubs in the Utah market. Their fitness centers offer top-of-the-line equipment,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 17,705 105,567 217,646
2024 Total Population : 17,659 104,644 214,684
2024 Employed Civilian Pop : 7,903 46,702 103,796
2024 Total Businesses : 500 3,884 12,596
2024 Average Household Income : $ 53,531 $ 55,514 $ 69,276
2024 Total Consumer Spending : $ 296 M $ 1826 M $ 5088 M
2024 Median Age : 33 32 33
2024 Total Households : 6,120 36,445 82,068
2024 Pop Age 25+: Bachelor's Degree : 760 3,836 17,155
2024 Average Home Value : $ 172,911 $ 192,479 $ 217,553
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Western Avenue SW 39th St 2021 18,600 0.10 mi
S Western Ave SW 37th St 2015 17,980 0.20 mi
SW 44th St S Western Ave 2018 18,276 0.23 mi
Southwest Grand Boulevard S Olie Ave 2018 8,085 0.27 mi
SW Grand Blvd S Olie Ave 2018 8,085 0.30 mi
Southwest 44th Street S Shartel Ave 2021 16,100 0.30 mi
SW 36th St S Shartel Ave 2003 12,923 0.33 mi
Southwest Grand Boulevard S Shartel Ave 2021 5,900 0.34 mi
S Douglas Ave SW 40th St 2014 2,601 0.35 mi
SW Grand Blvd S Klein Ave 2019 11,644 0.36 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