200 S US Highway 17-92 - Health Club FOR SALE


Longwood, FL 32750- Northeast Orlando
$10,321,000 USD
480-221-4221
200 S US Highway 17-92, Longwood, FL for Sale
$10,321,000 USD
Health Club - FOR SALE
1/9
null | 7% Cap Rate

200 S US Highway 17-92
Longwood, FL 32750
Northeast Orlando


HIGHLIGHTS

  • 11 Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | Well Known & Established Tenant
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Retail Corridor | National/Credit Tenants | Direct Consumer Base |Near Heavily Trafficked Intersection (108,400 VPD)
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a freestanding, corporate guaranteed, LA Fitness investment property located in Longwood, Florida. The tenant, Fitness International, LLC, has 10+ years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features $1.50 PSF rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, minimal-management investment opportunity for a passive investor. Founded in 1984, LA Fitness is one of the largest health club brands in the country with 700+ locations.

FOR SALE DETAILS

PRICE

$10,321,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness | 11yrs Remaining Corp NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

267

LAND DETAILS

LAND ACRES

6.73 AC

LAND SF

293,159 SF

ZONING

GC

APN/PARCEL ID

04-21-30-504-0000-0020

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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