1860 Duluth Hwy - Health Club FOR SALE


Lawrenceville, GA 30043
$10,368,000 USD
949-431-2735
1860 Duluth Hwy, Lawrenceville, GA for Sale
$10,368,000 USD
Health Club - FOR SALE
1/4
null | 6.25% Cap Rate

1860 Duluth Hwy
Lawrenceville, GA 30043


HIGHLIGHTS

  • Brand new 10-Year Lease Extension: Showing the Tenant's long-term commitment to this location.
  • Oversized Parcel: 5 acres provides potential development upside.
  • Excellent Demographics.
  • Nearby Multi-Family & Apartment Density.
  • Single-Tenant NN+ Lease with minimal landlord responsibilities.
  • Highly Replaceable, Very Low Rent at about $16 Per Square Foot.

OVERVIEW

Single-Tenant LA Fitness: ° Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company] ° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor ° 16-year Remaining Lease Term, with two (2), 5-year Options ° Rent Increases every 5 years, including Options

FOR SALE DETAILS

PRICE

$10,368,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

LAND ACRES

4.86 AC

LAND SF

211,702 SF

ZONING

R-1

APN/PARCEL ID

R7081-028

ASK ABOUT THIS PROPERTY

Austin BlodgettRealSource GroupMore Info
949-431-2735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Austin BlodgettRealSource GroupMore Info
949-431-2735

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.