Investment Overview

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 8.75 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 the 6th most-visited gym out of 104 fitness locations in the state of Utah tracked by Placer.ai. It also ranks in the 98th percentile for the highest customer traffic among nearly 10,500 gyms in the United States.  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.