Investment Overview

Marcus & Millichap is pleased to present this exclusive opportunity to acquire a brand-new VASA Fitness located in Longmont, Colorado. This 56,280-square-foot, state-of-the-art facility is part of VASA’s latest large-format prototype and is being delivered as a complete new buildout tailored to the tenant’s specifications. Offered at $14,360,000 with a 7.25% cap rate, this offering represents a rare opportunity to acquire a brand-new, long-term NNN investment leased to a nationally recognized fitness operator in one of Colorado’s strongest suburban markets. VASA Fitness has executed a new 15-year NNN lease with three 5-year renewal options and 10% rent increases every five years, demonstrating a strong, long-term commitment to the market. The lease begins January 2026 and provides a stable income stream with no landlord responsibilities other than roof and structure. Positioned on a 5.91-acre site along a high-traffic retail corridor with more than 17,000 vehicles per day combined, the property benefits from strong co-tenancy, including Walgreens and national retailers nearby. Located just 16 miles from Boulder and 31 miles from Denver, Longmont is an established Front Range community with a household income exceeding $100,000 within a one-mile radius and a growing population base driven by major employers such as Seagate and Xilinx.