Fitness Center
LA Fitness | 16 Year Lease | Below Market Rent | 30 Miles Outside NYC
30 Sylvan Way, Parsippany-Troy Hills, NJ 07054
Listing Price: $9,327,500
Investment Overview
The NNN Fitness Group of Marcus and Millichap is pleased to bring to market this freestanding LA Fitness located in Parsippany-Troy Hills, NJ. The offering is inclusive of a rare 16 year lease with Fitness International, LLC with 10% increases every five years. LA Fitness is shadow-anchored by Wegman’s and Panera Bread and is located only 25 miles West of New York City. The property benefits from excellent exposure to a combined 218,975 vehicles per day along Route 10 and Route 287. The property boasts a population of 57,113 within three miles and an average household income exceeding $144,486.
Investment Highlights
- Brand New | Corporate Long Term Lease
- Vibrant Rapidly Developing Retail Corridor
- Dense Residential Population
- Top Performing Health Club Chain
- Low Rent & Captive Membership Base
- High Visibility & Excellent Access
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By
Fitness Center
LA Fitness | 16 Year Lease | Below Market Rent | 30 Miles Outside NYC
Listing Price: $9,327,500
Investment Highlights
- Brand New | Corporate Long Term Lease
- Vibrant Rapidly Developing Retail Corridor
- Dense Residential Population
- Top Performing Health Club Chain
- Low Rent & Captive Membership Base
- High Visibility & Excellent Access
Investment Overview
The NNN Fitness Group of Marcus and Millichap is pleased to bring to market this freestanding LA Fitness located in Parsippany-Troy Hills, NJ. The offering is inclusive of a rare 16 year lease with Fitness International, LLC with 10% increases every five years. LA Fitness is shadow-anchored by Wegman’s and Panera Bread and is located only 25 miles West of New York City. The property benefits from excellent exposure to a combined 218,975 vehicles per day along Route 10 and Route 287. The property boasts a population of 57,113 within three miles and an average household income exceeding $144,486.
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By

