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Fitness Center

LA Fitness at Chapel Trail Plaza | Pembroke Pines, FL | Recent Extension | $142K+ 1-Mile AHHI

18445 Pines Blvd, Pembroke Pines, FL 33029

Listing Price: $16,703,476

Cap Rate
6.50%
Tenant Name
LA Fitness + Shops
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
56,378
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.26

Investment Overview

Marcus and Millichap is please to present this rare south Florida property is anchored by a highly successful LA Fitness with a newly extended lease as well as multiple shop spaces. LA Fitness’ location at Chapel Trail Plaza is the fitness operators’ only location serving the densely populated area of SW Broward County residing west of I-75 with limited competition and high barriers to entry.

Investment Highlights

  • Strong Commitment to Site, Top Performing Location
  • Dominant, High Traffic LA Fitness Anchor
  • Strategic Location
  • Full-Service Health Club Amenities
  • Below Market 5.25% Assumable Loan (Life Co)

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Fitness Center

LA Fitness at Chapel Trail Plaza | Pembroke Pines, FL | Recent Extension | $142K+ 1-Mile AHHI

Listing Price: $16,703,476

Cap Rate
6.50%
Tenant Name
LA Fitness + Shops
Years Remaining On Lease
14.6
Guarantor
Corporate Guarantee
Rentable SF
56,378
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.26

Investment Highlights

  • Strong Commitment to Site, Top Performing Location
  • Dominant, High Traffic LA Fitness Anchor
  • Strategic Location
  • Full-Service Health Club Amenities
  • Below Market 5.25% Assumable Loan (Life Co)

Investment Overview

Marcus and Millichap is please to present this rare south Florida property is anchored by a highly successful LA Fitness with a newly extended lease as well as multiple shop spaces. LA Fitness’ location at Chapel Trail Plaza is the fitness operators’ only location serving the densely populated area of SW Broward County residing west of I-75 with limited competition and high barriers to entry.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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