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Fitness Center

Thrive Fitness Property

1609 R Ave, Anacortes, WA 98221

Listing Price: $5,480,000

Cap Rate
5.75%
Tenant Name
Thrive Fitness
Guarantor
Personal Guarantee
Rentable SF
12,627
Lease Type
Absolute Net
Rent Per Square Feet
$24.95

Investment Overview

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
  • Great Path of Progress Location
  • Annual Rental Increase of 2.5%
  • Very Passive Absolute Net Lease Structure
  • Very Passive Absolute Net Lease Structure

Exclusively Listed By

Financing By

Fitness Center

Thrive Fitness Property

Listing Price: $5,480,000

Cap Rate
5.75%
Tenant Name
Thrive Fitness
Guarantor
Personal Guarantee
Rentable SF
12,627
Lease Type
Absolute Net
Rent Per Square Feet
$24.95

Investment Highlights

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

Investment Overview

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

Financing By

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