Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant LA Fitness located in Bartlett, Tennessee. The 34,120-square-foot fitness facility is leased to Fitness International, LLC, the parent company of LA Fitness, under a long-term NN lease with more than seven years of remaining term. The offering provides investors with stable cash flow at an 8.25% cap rate, supported by a corporate-backed tenant with an S&P B/Positive rating and contractual 10% rent increases every five years throughout the lease term. Positioned along Stage Road (US-64), one of Bartlett's primary commercial corridors with approximately 31,940 vehicles per day, the property benefits from excellent visibility and convenient access within a dense retail trade area. The site is surrounded by nationally recognized retailers including Walmart Supercenter, Kroger, Burlington, Kohl's, Chick-fil-A, CVS, Five Below, Applebee's, and numerous other destination-oriented retailers that drive consistent consumer traffic.