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Views: 40 DOM: 86 Updated: 11.20.24 Posted: 08.27.24 Status: Active

Summary

Price $15,986,500
Built/Renov 2024
Tenant EoS Fitness
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 42,000
Lease Start 12-15-2024
#Units 125
Price/SF $380.63
Expiration 12-31-2039
Tenant Type Sport/Fitness
NOI $1,039,122
R. Term 15.1
Ownership Fee Simple
Rent/SF $24.74
Increases 10.0%/5/yrs
Pop 5Mi 235,013
Lot/AC 2.42
Options 3/5yrs/10%
AHHI 5Mi $68,186

Lease Highlights

  • Brand new 2024 construction | Completion and grand opening scheduled for February 2025
  • Brand new 15-year lease term with 3 (5-year) options to extend
  • 10% rental increases every 5 years throughout the primary term and option periods
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

EoS Fitness is strategically located on E Osceola Parkway, with access to a high daily traffic count of 56,000 vehicles. The property is situated within Gateway Station, a shopping center anchored by a high-performing Walmart Supercenter with 3.1 million annual visits. It is also adjacent to the new Tupperware headquarters and train stop, featuring well-known national tenants including Harbor...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: EoS Fitness
  • Guarantor:Corporate
  • Company:Bruckmann, Rosser, Sherrill & Co.
  • # Units:125
  • 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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Listing Broker

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