4106 S Western Ave - Health Club FOR SALE


Oklahoma City, OK 73109
$8,320,786 USD
805-570-7430
4106 S Western Ave, Oklahoma City, OK for Sale
$8,320,786 USD
Health Club - FOR SALE
1/6
null | 7.25% Cap Rate

4106 S Western Ave
Oklahoma City, OK 73109


HIGHLIGHTS

  • Dominant Market Share Between Two OKC Locations
  • Strategic Store Spacing for Market Coverage
  • Low Rent & Below Replacement Value
  • A Major Medical Campus Complements VASA
  • #1 Walmart Neighborhood Market in OKC Evidences the Excellent Intersection
  • Growing City, Low Cost of Living & Excellent Rating

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present a single-tenant prototype VASA Fitness in Oklahoma City, OK. The lease term features over 10 years remaining with (3) 5-year options to renew. This location has tremendous foot traffic; top 6% of health clubs nationwide and ranks as the #7 fitness center in Oklahoma City MSA, according to Placer.ai foot traffic. VASA Fitness is prominently located across the street from the 31-acre INTEGRIS Southwest Medical Center and adjacent to the #1 Walmart Neighborhood Market in the state of Oklahoma, at the excellent intersection of S Western Ave and SW 44th St with a combined VPD of 33,550. VASA Fitness brand dominates Oklahoma City with 1.37 million annual customer visits to the two highest-grossing gyms in the market. Southern Oklahoma City provides an incredibly captive customer base for the Property as there is no other +25,000-SF health club that is located within 5 miles of the Property, south of Oklahoma River. Oklahoma City is a growing city with an excellent rating, Moody’s ranking of Aaa, reflecting the city’s large and stable economy.

FOR SALE DETAILS

PRICE

$8,320,786 USD

PRICE/SF

$166 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vasa Fitness | 7.25% Cap | $8.32M

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

C-3

APN/PARCEL ID

109904205

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.