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Fitness Center

Anytime Fitness

725 Energy St, Baldwin, WI 54002

Listing Price: $1,127,000

Cap Rate
7.50%
Tenant Name
Anytime Fitness
Years Remaining On Lease
8.4
Guarantor
Franchisee Guarantee
Lease Type
Triple Net (NNN)

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review Anytime Fitness in Baldwin, Wisconsin. The 6,500 square foot, net leased Anytime Fitness sits on 1.43 acres just off of Interstate 94 in Baldwin. The build-to-suit construction was completed in 2019 offering no deferred maintenance to an incoming investor with over eight years of lease term remaining. The tenant directly handles all NNN expenses providing no management responsibilities for an incoming investor. The tenant signed an original 10 year lease featuring a 7.7% increase in 2025 and $1.00/psf rent increases in both of the five year option periods providing an excellent hedge against future inflation. The property sits only 36 miles outside the Minneapolis/St. Paul MSA and has direct access to the growing metro as it sits directly off of Interstate 94 (39,000 vehicles per day). The town of Baldwin boasts many retail traffic drivers including Caribou Coffee, Culver’s, McDonald’s, A&W, Hardee’s, Dollar General, and Wyndam Hotel among others. Anytime benefits from a lack of other gym locations in town. There are over 10,000 people in the five-mile radius. Between the population base and interstate location, Anytime Fitness is well positioned for success in the market.

Investment Highlights

  • 2019 Build-to-Suit Construction | 6,500 Square Feet
  • Modified NNN Lease Structure | Minimal Landlord Responsibilities | Tenant Directly Responsible for NNN Expenses
  • Over 8+ Years of Base Term Remaining | 7.7% Increases in 2025 and Scheduled Increases in Each of the Five-Year Options | Ideal Hedge Against Inflation
  • Minimal Fitness/Gym Competition | Over 10,000 People in the Five-Mile Radius
  • Located 36 Miles East of Minneapolis/St. Paul MSA | Over 39,000 Vehicles Per Day Along Interstate 94

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s) WI: 56163-90

    Wisconsin

Listing Price: $1,127,000

Cap Rate
7.50%
Tenant Name
Anytime Fitness
Years Remaining On Lease
8.4
Guarantor
Franchisee Guarantee
Lease Type
Triple Net (NNN)

Investment Highlights

  • 2019 Build-to-Suit Construction | 6,500 Square Feet
  • Modified NNN Lease Structure | Minimal Landlord Responsibilities | Tenant Directly Responsible for NNN Expenses
  • Over 8+ Years of Base Term Remaining | 7.7% Increases in 2025 and Scheduled Increases in Each of the Five-Year Options | Ideal Hedge Against Inflation
  • Minimal Fitness/Gym Competition | Over 10,000 People in the Five-Mile Radius
  • Located 36 Miles East of Minneapolis/St. Paul MSA | Over 39,000 Vehicles Per Day Along Interstate 94

Investment Overview

Marcus and Millichap is pleased to present for your acquisition review Anytime Fitness in Baldwin, Wisconsin. The 6,500 square foot, net leased Anytime Fitness sits on 1.43 acres just off of Interstate 94 in Baldwin. The build-to-suit construction was completed in 2019 offering no deferred maintenance to an incoming investor with over eight years of lease term remaining. The tenant directly handles all NNN expenses providing no management responsibilities for an incoming investor. The tenant signed an original 10 year lease featuring a 7.7% increase in 2025 and $1.00/psf rent increases in both of the five year option periods providing an excellent hedge against future inflation. The property sits only 36 miles outside the Minneapolis/St. Paul MSA and has direct access to the growing metro as it sits directly off of Interstate 94 (39,000 vehicles per day). The town of Baldwin boasts many retail traffic drivers including Caribou Coffee, Culver’s, McDonald’s, A&W, Hardee’s, Dollar General, and Wyndam Hotel among others. Anytime benefits from a lack of other gym locations in town. There are over 10,000 people in the five-mile radius. Between the population base and interstate location, Anytime Fitness is well positioned for success in the market.

Exclusively Listed By

Broker of Record

  • Todd Lindblom

    Vice President/Regional Manager

    (262) 364-1964

    License(s): WI: 56163-90

    Wisconsin

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