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Fitness Center

VASA Fitness | Salt Lake City MSA | 50K SF Prototype | WinCo Foods Co-Anchor | Top Performer

2642 N 2000 W, Clinton, UT 84015

Listing Price: $11,406,029

Cap Rate
6.75%
Tenant Name
VASA Fitness
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
50,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.40

Investment Overview

Marcus & Millichap is pleased to present this rare opportunity to purchase a build-to-suit single-tenant VASA Fitness in their top performing MSA – Salt Lake City. The offering features 8.75 years of term remaining and 10% increases every 5 years throughout the initial term and in each of the renewal options. VASA Clinton is prominently located in a grocery anchored shopping center just off N 2000 West, with daily traffic counts exceeding 21,158. This property is the 6th most-visited gym out of 104 fitness locations in the state of Utah tracked by Placer.ai. It also ranks in the 98th percentile for the highest customer traffic among nearly 10,500 gyms in the United States. 

Just north of downtown Salt Lake City and the Salt Lake International Airport, Clinton has high barriers-to-entry and is perfectly situated to take advantage of future growth and density. The Salt Lake City MSA is experiencing rapid population and employment growth, with a favorable business environment combined with a healthy and safe quality of life. The three-mile demographics surrounding VASA Fitness boast a population of over 95K and $81K+ average household income.

Investment Highlights

  • Top Gym Location in Utah & U.S.
  • Major Retail Corridor
  • Easy Access to-and-from Salt Lake City

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s) UT: 6250302-PB00

    Utah

Financing By

Fitness Center

VASA Fitness | Salt Lake City MSA | 50K SF Prototype | WinCo Foods Co-Anchor | Top Performer

Listing Price: $11,406,029

Cap Rate
6.75%
Tenant Name
VASA Fitness
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
50,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$15.40

Investment Highlights

  • Top Gym Location in Utah & U.S.
  • Major Retail Corridor
  • Easy Access to-and-from Salt Lake City

Investment Overview

Marcus & Millichap is pleased to present this rare opportunity to purchase a build-to-suit single-tenant VASA Fitness in their top performing MSA – Salt Lake City. The offering features 8.75 years of term remaining and 10% increases every 5 years throughout the initial term and in each of the renewal options. VASA Clinton is prominently located in a grocery anchored shopping center just off N 2000 West, with daily traffic counts exceeding 21,158. This property is the 6th most-visited gym out of 104 fitness locations in the state of Utah tracked by Placer.ai. It also ranks in the 98th percentile for the highest customer traffic among nearly 10,500 gyms in the United States.  Just north of downtown Salt Lake City and the Salt Lake International Airport, Clinton has high barriers-to-entry and is perfectly situated to take advantage of future growth and density. The Salt Lake City MSA is experiencing rapid population and employment growth, with a favorable business environment combined with a healthy and safe quality of life. The three-mile demographics surrounding VASA Fitness boast a population of over 95K and $81K+ average household income.

Broker of Record

  • Adam Lewis

    First Vice President/Regional Manager

    (303) 328-2000

    License(s): UT: 6250302-PB00

    Utah

Financing By

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