2642 N 2000 W - Health Club FOR SALE


Clinton, UT 84015
$10,998,600 USD
805-570-7430
2642 N 2000 W, Clinton, UT for Sale
$10,998,600 USD
Health Club - FOR SALE
1/6
null | 7% Cap Rate

2642 N 2000 W
Clinton, UT 84015


HIGHLIGHTS

  • Top Gym Location in Utah & U.S.
  • #1 VASA Fitness within 15-Miles
  • Major Retail Corridor
  • Easy Access to-and-from Salt Lake City

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase a build-to-suit single-tenant VASA Fitness in their top performing MSA – Salt Lake City. The offering features 8 years of term remaining and 10% increases every 5 years throughout the initial term and in each of the renewal options. VASA Clinton is prominently located in a grocery anchored shopping center just off N 2000 West, with daily traffic counts exceeding 21,158. This property is ranked #2 most-visited gym out of 49 fitness locations within a 15-mile radius, according to Placer.ai foot traffic. It ranks in the top 1% of gyms nationwide among nearly 32,200 gyms for highest customer traffic, reaffirming its prime location and strong market presence. Just north of downtown Salt Lake City and the Salt Lake International Airport, Clinton has high barriers-to-entry and is perfectly situated to take advantage of future growth and density. The Salt Lake City MSA is experiencing rapid population and employment growth, with a favorable business environment combined with a healthy and safe quality of life. The three-mile demographics surrounding VASA Fitness boast a population of over 95K and $81K+ average household income.

FOR SALE DETAILS

PRICE

$10,998,600 USD

PRICE/SF

$220 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

VASA Fitness | Salt Lake City MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

361

LAND DETAILS

LAND ACRES

3.86 AC

LAND SF

168,142 SF

ZONING

R-1-15

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

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