8438 Elk Grove Florin Rd - Health Club FOR SALE


Elk Grove, CA 95624
$12,580,000 USD
805-570-7430
8438 Elk Grove Florin Rd, Elk Grove, CA for Sale
$12,580,000 USD
Health Club - FOR SALE
1/5
null | 6.25% Cap Rate

8438 Elk Grove Florin Rd
Elk Grove, CA 95624


HIGHLIGHTS

  • New Long-Term Lease w/ Stable Rent Growth
  • Prime High-Traffic Elk Grove Retail Intersection
  • Wealthy, Growing Demographic Base
  • Tremendous Foot Traffic

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) at the busiest intersection in South Sacramento California MSA. This 37,000-square-foot modern prototype facility offering 13.25 years of lease term extending through March 2038, backed by Fitness International, LLC— the largest non-franchised health club chain with 740+ locations in the US & Canada. Structured 8% or CPI rent increases every five years provides stable income growth and security. Located in one of Sacramento’s most desirable communities Elk Grove, this property benefits from strong demographics, with an average household income of $116,085 within a one-mile radius and a population exceeding 127,000 within three miles. Positioned at the busiest retail intersection in Elk Grove and South Sacramento County, this City Sports Club enjoys combined traffic counts over 68,900 vehicles per day. Situated within the Calvine Pointe Shopping Center and surrounded by high-profile retailers, this property offers unparalleled visibility and accessibility in a thriving commercial hub. The adjacent Kohl’s is the only soft goods retailer in the region and is top ranked within the company further demonstrating the strong draw to this shopping center.

FOR SALE DETAILS

PRICE

$12,580,000 USD

PRICE/SF

$340 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City Sports Club (LA Fitness)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.08 AC

LAND SF

90,605 SF

ZONING

-

APN/PARCEL ID

115-2010-010

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.