Skip to main content

Fitness Center

LA Fitness | 7.00% Cap | New 10yr Extension | Absolute NNN Lease | Atlanta MSA

95 Foster Dr, McDonough, GA 30253

Listing Price: $11,428,571

Cap Rate
7.00%
Tenant Name
LA Fitness
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
45,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.78

Investment Overview

Marcus and Millichap is pleased to bring to market this freestanding LA Fitness, just 26 miles outside Atlanta, GA. Featuring a rare absolute NNN lease and a recently executed 10-year lease extension, this property offers a true passive investment with zero Landlord responsibilities. LA Fitness in McDonough, GA benefits from excellent exposure to a combined 183,300 vehicles per day with prominent frontage from Highway 75. Furthermore, the property is located less than 1 mile from Henry Town Center, a 700,000 square-foot center featuring national tenants such as Belk, Super Target, Home Depot, HomeGoods, Marshalls and many more.

Investment Highlights

  • Strong Commitment to Site
  • Rare Absolute NNN Lease
  • Healthy Rent & Upcoming Tenant Renovations
  • Top Performing Health Club Chain
  • Excellent Access & Visibility | Nearby National Tenants

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Fitness Center

LA Fitness | 7.00% Cap | New 10yr Extension | Absolute NNN Lease | Atlanta MSA

Listing Price: $11,428,571

Cap Rate
7.00%
Tenant Name
LA Fitness
Years Remaining On Lease
10.2
Guarantor
Corporate Guarantee
Rentable SF
45,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.78

Investment Highlights

  • Strong Commitment to Site
  • Rare Absolute NNN Lease
  • Healthy Rent & Upcoming Tenant Renovations
  • Top Performing Health Club Chain
  • Excellent Access & Visibility | Nearby National Tenants

Investment Overview

Marcus and Millichap is pleased to bring to market this freestanding LA Fitness, just 26 miles outside Atlanta, GA. Featuring a rare absolute NNN lease and a recently executed 10-year lease extension, this property offers a true passive investment with zero Landlord responsibilities. LA Fitness in McDonough, GA benefits from excellent exposure to a combined 183,300 vehicles per day with prominent frontage from Highway 75. Furthermore, the property is located less than 1 mile from Henry Town Center, a 700,000 square-foot center featuring national tenants such as Belk, Super Target, Home Depot, HomeGoods, Marshalls and many more.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

MM Texture Background
MM Textured Background Lower