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Mixed-Use

Thrive Fitness

1609 R Ave, Anacortes, WA 98221

Listing Price: $5,480,000

Cap Rate
5.75%
Gross SF
12,627
Rentable SF
12,627
Price/Gross SF
$433.99
Lot Size
1.13 acres
Year Built
2001

Investment Overview

The Leibsohn Vara Group is pleased to present the sale offering for the Thrive Fitness Building in beautiful Anacortes, Washington. This outstanding investment property is a proven and well performing retail specialty facility surrounded by new developments and growth. The opportunity features a brand new 10 year base lease personally guaranteed by the very experienced multi unit owners of Thrive Fitness. The lease has steady 2.5% annual rent increases and a very passive Absolute Net Lease structure. The location of this asset is in the heart of the Marina District in beautiful Anacortes, WA just North of the Seattle/ Everett markets and several large scale residential and mixed use developments are in the immediate area. The savvy investor will certainly benefit from the acquisition of this long term and passive investment property that will provide steady and reliable cash f low and a strong future for appreciation and growth.

Investment Highlights

  • Brand New Ten Year Lease At Closing
  • Well Established and Proven Business Success
  • Annual Rental Increase of 2.5%
  • Very Passive Absolute Net Lease Structure

Exclusively Listed By

Mixed-Use

Thrive Fitness

Listing Price: $5,480,000

Cap Rate
5.75%
Gross SF
12,627
Rentable SF
12,627
Price/Gross SF
$433.99
Lot Size
1.13 acres
Year Built
2001

Investment Highlights

  • Brand New Ten Year Lease At Closing
  • Well Established and Proven Business Success
  • Annual Rental Increase of 2.5%
  • Very Passive Absolute Net Lease Structure

Investment Overview

The Leibsohn Vara Group is pleased to present the sale offering for the Thrive Fitness Building in beautiful Anacortes, Washington. This outstanding investment property is a proven and well performing retail specialty facility surrounded by new developments and growth. The opportunity features a brand new 10 year base lease personally guaranteed by the very experienced multi unit owners of Thrive Fitness. The lease has steady 2.5% annual rent increases and a very passive Absolute Net Lease structure. The location of this asset is in the heart of the Marina District in beautiful Anacortes, WA just North of the Seattle/ Everett markets and several large scale residential and mixed use developments are in the immediate area. The savvy investor will certainly benefit from the acquisition of this long term and passive investment property that will provide steady and reliable cash f low and a strong future for appreciation and growth.

Exclusively Listed By

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