Sold Subscription Required
| Price $11,406,029 | Built/Renov 2018 | Tenant VASA Fitness |
| Cap Rate 6.75% | Lease Type
NN+ | Guarantor Corporate |
| Size/SF
50,000
| Lease Start
02-14-2018
| #Units
53
|
| Price/SF $228.12 | Expiration
02-14-2033
| Tenant Type Sport/Fitness |
| NOI $769,907 | R. Term 8.5 | Ownership Fee Simple |
| Rent/SF
$15.40
| Increases 10.0%/5/yrs | Pop 5Mi 174,516 |
| Lot/AC 3.86 | Options 3/5yrs/10% | AHHI 5Mi $91,135 |
| | |
The subject property is conveniently located just off N 2000 West and benefits from exposure to 21,158 vehicles per day. VASA Fitness is positioned in a WinCo grocery anchored shopping center. Surrounding national retails include Lowe’s, Walmart, PetSmart, Kohl’s, O’Reilly’s, Walgreens and many more, providing a strong draw to the retail trade area. The site benefits from strong demographics,...
...Major thoroughfare
Dense retail corridor
Near major nationals
Shopping Ctr out-parcel
Dense 100M+ pop 5 mi
Top 100 MSA
Strong demographics
Affluent suburb location
Favorable NN+ lease
Corporate Guarantee
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,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 13,891 | 98,782 | 183,778 |
| 2023 Total Population : | 13,868 | 97,277 | 177,108 |
| 2023 Employed Civilian Pop : | 6,826 | 49,009 | 87,857 |
| 2023 Total Businesses : | 166 | 1,056 | 2,697 |
| 2023 Average Household Income : | $ 107,735 | $ 105,332 | $ 106,891 |
| 2023 Total Consumer Spending : | $ 383 M | $ 2737 M | $ 5144 M |
| 2023 Median Age : | 31 | 32 | 31 |
| 2023 Total Households : | 4,143 | 30,255 | 55,884 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,402 | 10,789 | 20,352 |
| 2023 Average Home Value : | $ 417,473 | $ 426,056 | $ 440,239 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| 6000 S | 3375 W | 2006 | 7,350 | 0.17 mi |
| West 2300 North | W 2300 N | 2017 | 21,000 | 0.36 mi |
| South 3500 West | W 5825 S | 2017 | 23,000 | 0.42 mi |
| W 2300 N | N 1500 W | 2011 | 5,180 | 0.44 mi |
| South 3500 West | 2018 | 22,920 | 0.50 mi | |
| N 2000 W | W 2220 N | 2018 | 21,370 | 0.57 mi |
| S 3500 W | 5700 S | 2011 | 17,715 | 0.58 mi |
| W 5600 S | 5600 South St | 2011 | 16,995 | 0.66 mi |
| West 5600 South | S 3100 W | 2017 | 18,000 | 0.77 mi |
| 5600 South St | W 5600 S | 2011 | 13,735 | 0.83 mi |
Kennesaw, GA
Cap Rate 6.25%
Lease NN+
R. Term 7.70 yrs
Size/SF 62,960
Longwood, FL
Cap Rate 6.50%
Lease Double NN
R. Term 11.00 yrs
Size/SF 34,000
Jeffersonville, IN
Cap Rate 6.50%
Lease Double NN
R. Term 13.70 yrs
Size/SF 63,281
Elk Grove, CA
Cap Rate 6.40%
Lease NN+
R. Term 13.60 yrs
Size/SF 90,505
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
