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Fitness Center

Vasa Fitness | 7.25% Cap | $8.32M | 10+ Yr Lease Term | 2019 Prototype | Oklahoma City, OK

4106 S Western Ave, Oklahoma City, OK 73109

Listing Price: $8,320,786

Cap Rate
7.25%
Tenant Name
VASA Fitness
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
50,326
Lease Type
Double Net
Rent Per Square Feet
$11.91

Investment Overview

Marcus & Millichap is pleased to present a single-tenant prototype VASA Fitness in Oklahoma City, OK. The lease term features over 10 years remaining with (3) 5-year options to renew. This location has tremendous foot traffic; top 6% of health clubs nationwide and ranks as the #7 fitness center in Oklahoma City MSA, according to Placer.ai foot traffic. VASA Fitness is prominently located across the street from the 31-acre INTEGRIS Southwest Medical Center and adjacent to the #1 Walmart Neighborhood Market in the state of Oklahoma, at the excellent intersection of S Western Ave and SW 44th St with a combined VPD of 33,550.

VASA Fitness brand dominates Oklahoma City with 1.37 million annual customer visits to the two highest-grossing gyms in the market. Southern Oklahoma City provides an incredibly captive customer base for the Property as there is no other +25,000-SF health club that is located within 5 miles of the Property, south of Oklahoma River. Oklahoma City is a growing city with an excellent rating, Moody’s ranking of Aaa, reflecting the city’s large and stable economy.

Investment Highlights

  • Dominant Market Share Between Two OKC Locations
  • Strategic Store Spacing for Market Coverage
  • Low Rent & Below Replacement Value
  • A Major Medical Campus Complements VASA
  • #1 Walmart Neighborhood Market in OKC Evidences the Excellent Intersection
  • Growing City, Low Cost of Living & Excellent Rating

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Fitness Center

Vasa Fitness | 7.25% Cap | $8.32M | 10+ Yr Lease Term | 2019 Prototype | Oklahoma City, OK

Listing Price: $8,320,786

Cap Rate
7.25%
Tenant Name
VASA Fitness
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
50,326
Lease Type
Double Net
Rent Per Square Feet
$11.91

Investment Highlights

  • Dominant Market Share Between Two OKC Locations
  • Strategic Store Spacing for Market Coverage
  • Low Rent & Below Replacement Value
  • A Major Medical Campus Complements VASA
  • #1 Walmart Neighborhood Market in OKC Evidences the Excellent Intersection
  • Growing City, Low Cost of Living & Excellent Rating

Investment Overview

Marcus & Millichap is pleased to present a single-tenant prototype VASA Fitness in Oklahoma City, OK. The lease term features over 10 years remaining with (3) 5-year options to renew. This location has tremendous foot traffic; top 6% of health clubs nationwide and ranks as the #7 fitness center in Oklahoma City MSA, according to Placer.ai foot traffic. VASA Fitness is prominently located across the street from the 31-acre INTEGRIS Southwest Medical Center and adjacent to the #1 Walmart Neighborhood Market in the state of Oklahoma, at the excellent intersection of S Western Ave and SW 44th St with a combined VPD of 33,550. VASA Fitness brand dominates Oklahoma City with 1.37 million annual customer visits to the two highest-grossing gyms in the market. Southern Oklahoma City provides an incredibly captive customer base for the Property as there is no other +25,000-SF health club that is located within 5 miles of the Property, south of Oklahoma River. Oklahoma City is a growing city with an excellent rating, Moody’s ranking of Aaa, reflecting the city’s large and stable economy.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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