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


Longwood, FL 32750- Northeast Orlando
$10,700,000 USD
949-431-2735
200 S US Highway 17-92, Longwood, FL for Sale
$10,700,000 USD
Health Club - FOR SALE
1/5
null | 6.75% Cap Rate

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


OVERVIEW

This offering presents a rare opportunity to acquire a single-tenant LA Fitness property under a corporate NN+ lease, offering minimal landlord responsibilities—ideal for passive investors. With 10 years remaining on the primary lease term and three (3) five-year renewal options, the lease includes rent escalations every five years, ensuring long-term income growth. The tenant, LA Fitness, is a corporately operated health club (no franchising) and the largest health club operator in North America, with 735+ locations, $2.2 billion in annual revenue, and over 40 years of operational experience. The property was constructed in 2020 and features the brand’s latest prototype design, along with a 15-year transferrable roof warranty. Strategically located at a signalized, hard-corner intersection with combined traffic counts exceeding 108,000 vehicles per day, this asset is situated in Northern Orlando’s primary retail corridor, surrounded by major national retailers such as Publix, Home Depot, Target, Subway, Pep Boys, and Wells Fargo. As the anchor tenant of the shopping center, the property benefits from high visibility and significant consumer draw. The surrounding trade area includes 212,000+ residents and an average household income of $109,000+ within a five-mile radius, along with close proximity to major apartment communities totaling over 1,300 units. Just a 40-minute drive from Orlando International Airport (MCO), Florida’s second-largest airport, and located in a state with no income tax, this investment is well-positioned for out-of-state investors seeking long-term, stable cash flow in a high-growth market. The property also benefits from limited fitness competition in the area and sits within the Orlando MSA, one of the nation’s top tourism and relocation destinations.

FOR SALE DETAILS

PRICE

$10,700,000 USD

PRICE/SF

$315 USD /SF

CAP RATE

6.75%

% 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

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

Austin BlodgettRealSource GroupMore Info
949-431-2735

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Austin BlodgettRealSource GroupMore Info
949-431-2735

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