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Fitness Center

Esporta Fitness (LA Fitness Corporate) | 7% Cap Rate | Rare NNN Lease | Adjacent to Costco

2890 Providence Lakes Blvd, Brandon, FL 33511

Listing Price: $13,384,285

Cap Rate
7.00%
Tenant Name
Esporta Fitness
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
42,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.31

Investment Overview

Marcus & Millichap is pleased to present this excellent opportunity to purchase a fee-simple Esporta Fitness in Brandon, Florida. The Tenant executed an early 15 Year lease extension and underwent a substantial remodel in 2017. This freestanding prototype facility on its own 4.20 Acre parcel features a rare NNN lease with structured increases through the initial term and at each option to renew. The property is adjacent to Costco and has 4,931+ apartments nearby. Located just off Interstate 75 and Causeway Blvd, with over 142,643+ combined traffic counts and excellent access to Tampa, Florida. Situated only 19 miles from Tampa International Airport, welcoming over 22 million travelers annually, and ranking top 3 U.S. airport. Tampa is a top tourist destination with domestic and international visitors drawn to warm blue beaches and nearly 70 miles of barriers islands, in addition to attractions such as Walt Disney World.

Investment Highlights

  • Strong Commitment to Site
  • Irreplaceable Location
  • Top Performing Health Club Chain
  • Moody's Upgrades Fitness International's CFR
  • Income Tax-Free State

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

Esporta Fitness (LA Fitness Corporate) | 7% Cap Rate | Rare NNN Lease | Adjacent to Costco

Listing Price: $13,384,285

Cap Rate
7.00%
Tenant Name
Esporta Fitness
Years Remaining On Lease
8.0
Guarantor
Corporate Guarantee
Rentable SF
42,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$22.31

Investment Highlights

  • Strong Commitment to Site
  • Irreplaceable Location
  • Top Performing Health Club Chain
  • Moody's Upgrades Fitness International's CFR
  • Income Tax-Free State

Investment Overview

Marcus & Millichap is pleased to present this excellent opportunity to purchase a fee-simple Esporta Fitness in Brandon, Florida. The Tenant executed an early 15 Year lease extension and underwent a substantial remodel in 2017. This freestanding prototype facility on its own 4.20 Acre parcel features a rare NNN lease with structured increases through the initial term and at each option to renew. The property is adjacent to Costco and has 4,931+ apartments nearby. Located just off Interstate 75 and Causeway Blvd, with over 142,643+ combined traffic counts and excellent access to Tampa, Florida. Situated only 19 miles from Tampa International Airport, welcoming over 22 million travelers annually, and ranking top 3 U.S. airport. Tampa is a top tourist destination with domestic and international visitors drawn to warm blue beaches and nearly 70 miles of barriers islands, in addition to attractions such as Walt Disney World.

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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