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Fitness Center

LA Fitness | 7.00% Cap Rate | SoCal | Top Performer

3437 Arlington Ave, Riverside, CA 92506

Listing Price: $17,951,468

Cap Rate
7.00%
Tenant Name
LA Fitness
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
49,661
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.30

Investment Overview

Marcus & Millichap is please to present the opportunity to purchase a freestanding 49,661 square foot LA Fitness in Riverside, CA. LA Fitness executed a recent extension to their corporate lease, demonstrating their long-term success and commitment to this location. The property is a top performing location and is rank as the #1 LA Fitness within 15-miles and is ranked in the 13th percentile of all LA Fitness’ nationwide according to placer.ai trailing 12 months. The offering features 7.5 years of term remaining with (3) 5-year options to renew and structured increases at each of the renewal options. This subject property has tremendous freeway frontage and exposure to Riverside Freeway seeing 165,000 vehicles passing near the site per day.

This strategic Riverside location is in a prime retail area, nearby local tenants include Target, Nordstrom Rack, Ulta Beauty, Marshalls, Jo-Ann Fabrics, Vons, Trader Joes and many more. The 3-mile area surrounding the subject property supports a population of 118,073 residents with an average household income of over $96,400. Riverside is located 50 miles east of downtown Los Angeles and is the most populous city in the Inland Empire and Riverside County and the 12th most populous city in California.

Investment Highlights

  • Long Term Corporate Lease | Recent Extension
  • Top Performing Location
  • Strong Retail Corridor & Demographics
  • Moody's Upgrades Fitness International's CFR

Exclusively Listed By

Financing By

Fitness Center

LA Fitness | 7.00% Cap Rate | SoCal | Top Performer

Listing Price: $17,951,468

Cap Rate
7.00%
Tenant Name
LA Fitness
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
49,661
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$25.30

Investment Highlights

  • Long Term Corporate Lease | Recent Extension
  • Top Performing Location
  • Strong Retail Corridor & Demographics
  • Moody's Upgrades Fitness International's CFR

Investment Overview

Marcus & Millichap is please to present the opportunity to purchase a freestanding 49,661 square foot LA Fitness in Riverside, CA. LA Fitness executed a recent extension to their corporate lease, demonstrating their long-term success and commitment to this location. The property is a top performing location and is rank as the #1 LA Fitness within 15-miles and is ranked in the 13th percentile of all LA Fitness’ nationwide according to placer.ai trailing 12 months. The offering features 7.5 years of term remaining with (3) 5-year options to renew and structured increases at each of the renewal options. This subject property has tremendous freeway frontage and exposure to Riverside Freeway seeing 165,000 vehicles passing near the site per day. This strategic Riverside location is in a prime retail area, nearby local tenants include Target, Nordstrom Rack, Ulta Beauty, Marshalls, Jo-Ann Fabrics, Vons, Trader Joes and many more. The 3-mile area surrounding the subject property supports a population of 118,073 residents with an average household income of over $96,400. Riverside is located 50 miles east of downtown Los Angeles and is the most populous city in the Inland Empire and Riverside County and the 12th most populous city in California.

Exclusively Listed By

Financing By

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