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Fitness Center

Fuel Fitness | 9-Year Absolute Net Lease

1305 U.S. Hwy 2 W, Kalispell, MT 59901

Listing Price: $3,582,222

Cap Rate
6.75%
Tenant Name
Fuel Fitness
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
14,000
Lease Type
Absolute Net
Rent Per Square Feet
$17.27

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Fuel Fitness, a long-term, 9-year Absolute Net leased fitness center in Kalispell, MT. The 9-year Absolute Net lease allows investors with secure passive income and zero landlord management or repair responsibilities. The Property was a build-to-suit for Fuel in 2016 and features high-quality finishes both on the exterior and interior. The Property features over an acre of developable land with an estimated value of $250,000, providing an investor with a value-add opportunity. The Property benefits from being located directly on US Highway 2 (16,000+ VPD) and just off of US Highway 93 (21,000+ VPD). Within a 5-mile radius, the population has grown nearly 24% since 2010 and is projected to increase by another 6% in the next 5 years, with average household incomes exceeding $72,000. Within a 1-mile radius, the population has grown by more than 26% since 2010.

Investment Highlights

  • 9-YEAR LONG TERM LEASE / ABSOLUTE NET LEASE
  • 6.92% CAP RATE IN 2026
  • HIGH-QUALITY 2016 CONSTRUCTION
  • 1+ ACRE DEVELOPMENT SITE
  • HIGH-TRAFFIC RETAIL LOCATION WITH EXCELLENT VISIBILITY
  • AFFLUENT, HIGH POPULATION GROWTH MARKET

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s) MT: RRE-BRO-LIC-15748

    Montana

Fitness Center

Fuel Fitness | 9-Year Absolute Net Lease

Listing Price: $3,582,222

Cap Rate
6.75%
Tenant Name
Fuel Fitness
Years Remaining On Lease
8.9
Guarantor
Corporate Guarantee
Rentable SF
14,000
Lease Type
Absolute Net
Rent Per Square Feet
$17.27

Investment Highlights

  • 9-YEAR LONG TERM LEASE / ABSOLUTE NET LEASE
  • 6.92% CAP RATE IN 2026
  • HIGH-QUALITY 2016 CONSTRUCTION
  • 1+ ACRE DEVELOPMENT SITE
  • HIGH-TRAFFIC RETAIL LOCATION WITH EXCELLENT VISIBILITY
  • AFFLUENT, HIGH POPULATION GROWTH MARKET

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale Fuel Fitness, a long-term, 9-year Absolute Net leased fitness center in Kalispell, MT. The 9-year Absolute Net lease allows investors with secure passive income and zero landlord management or repair responsibilities. The Property was a build-to-suit for Fuel in 2016 and features high-quality finishes both on the exterior and interior. The Property features over an acre of developable land with an estimated value of $250,000, providing an investor with a value-add opportunity. The Property benefits from being located directly on US Highway 2 (16,000+ VPD) and just off of US Highway 93 (21,000+ VPD). Within a 5-mile radius, the population has grown nearly 24% since 2010 and is projected to increase by another 6% in the next 5 years, with average household incomes exceeding $72,000. Within a 1-mile radius, the population has grown by more than 26% since 2010.

Exclusively Listed By

Broker of Record

  • Adam Christofferson

    Senior Vice President/Division Manager

    (801) 736-2600

    License(s): MT: RRE-BRO-LIC-15748

    Montana

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