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Fitness Center

LA Fitness | 6.85% Cap | Top Performing Location | Southern California

3437 Arlington Ave, Riverside, CA 92506

Listing Price: $17,950,249

Cap Rate
6.85%
Tenant Name
LA Fitness
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
49,661
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.51

Investment Overview

Marcus & Millichap is please to present the opportunity to acquire the fee simple, freestanding LA Fitness in Riverside, CA. Riverside is located 50 miles east of downtown Los Angeles. LA Fitness is strategically located and visible from Arlington Avenue. Traffic counts near the sight are approximately 31,396 vehicles per day. The property is also highly visible from Riverside Freeway (State Route 91) with over 189,849 vehicles passing near the site per day.

Investment Highlights

  • Long Term Corporate Lease | Recent Extension
  • Moody's Upgrades Fitness International's CFR TO B3 - 6/29/2022
  • Top Performing Location
  • Strong Retail Corridor & Demographics

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Financing By

Fitness Center

LA Fitness | 6.85% Cap | Top Performing Location | Southern California

Listing Price: $17,950,249

Cap Rate
6.85%
Tenant Name
LA Fitness
Years Remaining On Lease
8.1
Guarantor
Corporate Guarantee
Rentable SF
49,661
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.51

Investment Highlights

  • Long Term Corporate Lease | Recent Extension
  • Moody's Upgrades Fitness International's CFR TO B3 - 6/29/2022
  • Top Performing Location
  • Strong Retail Corridor & Demographics

Investment Overview

Marcus & Millichap is please to present the opportunity to acquire the fee simple, freestanding LA Fitness in Riverside, CA. Riverside is located 50 miles east of downtown Los Angeles. LA Fitness is strategically located and visible from Arlington Avenue. Traffic counts near the sight are approximately 31,396 vehicles per day. The property is also highly visible from Riverside Freeway (State Route 91) with over 189,849 vehicles passing near the site per day.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Financing By

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