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Fitness Center

Club Studio | S&P ‘B’ Stable |16 Yr Absolute NNN Lease | Hartford CT MSA | Brand New Buildout

100 Cedar Ave, South Windsor, CT 06074

Listing Price: $17,769,230

Cap Rate
6.50%
Tenant Name
Club Studio Fitness
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
43,419
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.60

Investment Overview

I had to update this OM because I used “Club Studio Fitness” vs. “Club Studio” throughout. I also renamed the PDF, could you please assist me with updating the package and write-up? I had to remove it there as well, the updated version is below.

Marcus & Millichap is pleased to offer a 43,419-square-foot single-tenant Club Studio in South Windsor, CT. This is the first ever Club Studio available on the open market. The offering features a brand new 16-year Absolute NNN Lease and benefits from its proximity to Costco, Whole Foods, and The Promenade Shops. Moreover, new medical and retail mix-use projects are underway across the street from the property. The property is ideally located near the I-84 which serves 125,600 vehicles per day and provides easy access to-and-from Hartford, CT. Furthermore, the property is surrounded by an affluent demographic boasting a three-mile average household income of over $109,000.

South Windsor, Connecticut, nestled in Hartford County, is a vibrant and thriving town known for its diverse community and economic vitality. The town’s economy encompasses a wide range of industries, including manufacturing, technology, healthcare, and retail, providing a stable foundation for residents and businesses alike. Additionally, South Windsor’s strategic location, with easy access to major highways and proximity to Hartford, enhances its appeal for commuters and businesses. Hartford, CT hosts prestigious institutions like Trinity College and the University of Hartford with thousands of students. Downtown Hartford has experienced revitalization, with attractions like Bushnell Park providing an urban oasis. The city’s commitment to innovation, research, and entrepreneurship makes it an exciting hub, while its dining and shopping scene, including the Hartford Public Market, adds to its appeal.

Investment Highlights

  • Brand New 16-Year Absolute NNN Lease | Fitness International's Newest Concept (signed by parent company of LA Fitness)
  • Adjacent to Costco, Whole Foods & The Promenade Shops
  • Affluent Demographics, 3-Mile AHHI $109K+
  • New Medical & Retail Mix-Use Project Across the Street
  • Easy Access to-and-from Hartford, CT

Exclusively Listed By

Financing By

Fitness Center

Club Studio | S&P ‘B’ Stable |16 Yr Absolute NNN Lease | Hartford CT MSA | Brand New Buildout

Listing Price: $17,769,230

Cap Rate
6.50%
Tenant Name
Club Studio Fitness
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
43,419
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.60

Investment Highlights

  • Brand New 16-Year Absolute NNN Lease | Fitness International's Newest Concept (signed by parent company of LA Fitness)
  • Adjacent to Costco, Whole Foods & The Promenade Shops
  • Affluent Demographics, 3-Mile AHHI $109K+
  • New Medical & Retail Mix-Use Project Across the Street
  • Easy Access to-and-from Hartford, CT

Investment Overview

I had to update this OM because I used “Club Studio Fitness” vs. “Club Studio” throughout. I also renamed the PDF, could you please assist me with updating the package and write-up? I had to remove it there as well, the updated version is below. Marcus & Millichap is pleased to offer a 43,419-square-foot single-tenant Club Studio in South Windsor, CT. This is the first ever Club Studio available on the open market. The offering features a brand new 16-year Absolute NNN Lease and benefits from its proximity to Costco, Whole Foods, and The Promenade Shops. Moreover, new medical and retail mix-use projects are underway across the street from the property. The property is ideally located near the I-84 which serves 125,600 vehicles per day and provides easy access to-and-from Hartford, CT. Furthermore, the property is surrounded by an affluent demographic boasting a three-mile average household income of over $109,000. South Windsor, Connecticut, nestled in Hartford County, is a vibrant and thriving town known for its diverse community and economic vitality. The town’s economy encompasses a wide range of industries, including manufacturing, technology, healthcare, and retail, providing a stable foundation for residents and businesses alike. Additionally, South Windsor’s strategic location, with easy access to major highways and proximity to Hartford, enhances its appeal for commuters and businesses. Hartford, CT hosts prestigious institutions like Trinity College and the University of Hartford with thousands of students. Downtown Hartford has experienced revitalization, with attractions like Bushnell Park providing an urban oasis. The city’s commitment to innovation, research, and entrepreneurship makes it an exciting hub, while its dining and shopping scene, including the Hartford Public Market, adds to its appeal.

Exclusively Listed By

Financing By

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