4681 Hypoluxo Rd - Health Club FOR SALE


Lake Worth, FL 33463- Outer Greenacres
$15,072,000 USD
480-221-4221
4681 Hypoluxo Rd, Lake Worth, FL for Sale
$15,072,000 USD
Health Club - FOR SALE
1/10
null | 6.25% Cap Rate

4681 Hypoluxo Rd
Lake Worth, FL 33463
Outer Greenacres


HIGHLIGHTS

  • Brand New 20-Year Deal | Scheduled Rental Increases | Just Opened | Established Franchisee (70+ Units)
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Apartments
  • Near Signalized, Hard Corner Intersection | Excellent Visibility & Access

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Crunch Fitness investment property located in Lake Worth Beach, Florida. The tenant, Crunch Fitness, Inc recently signed a brand new 20 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% 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 absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. 70+ Unit Guaranty from the Largest Crunch Fitness Franchisee in the U.S. The franchisee is the largest Crunch Fitness franchisee with 70 opened clubs, 15+ under development, and 100+ units that are planned for 2026. Headquartered in New York City, Crunch serves two million members with over 460 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, and Spain.

FOR SALE DETAILS

PRICE

$15,072,000 USD

PRICE/SF

$431 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crunch Fitness | Brand New 20-Yr Deal

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

217

LAND DETAILS

LAND ACRES

4.74 AC

LAND SF

206,474 SF

ZONING

MUPD

APN/PARCEL ID

00-42-45-01-00-000-7070

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.