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Fitness Center

Onelife Fitness | New 15 Year Corporate Lease | Absolute NNN | Newport News, VA

815 City Center Blvd, Newport News, VA 23606

Listing Price: $15,692,571

Cap Rate
7.00%
Tenant Name
Onelife Fitness
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
63,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.30

Investment Overview

Marcus & Millichap is pleased to offer a 63,500 square-foot single tenant Onelife Fitness in Newport News, VA. The offering is inclusive of a 15 Year NNN lease with 10% increase every 5 years. Situated adjacent to the major east-west Interstate-64 providing this location with excellent visibility to over 139,679 vehicles per day. This Onelife Fitness benefits from a dense 3-mile population of over 82,802 residents and an average household income of over $84,608 per year. Not only offering state-of-the-art exercise equipment, this location also has a Saltwater Pool & Spa, Basketball court, Turf Area, Hot Yoga, Cinema Room and More.

Investment Highlights

  • New Long Term, Absolute NNN Lease
  • Strong Corporate Guarantee – 43+ Unit Operator
  • Strong Performer & Successful Track Record
  • Outstanding Location & Excellent Demographics
  • Freshly Renovated Roof

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Fitness Center

Onelife Fitness | New 15 Year Corporate Lease | Absolute NNN | Newport News, VA

Listing Price: $15,692,571

Cap Rate
7.00%
Tenant Name
Onelife Fitness
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
63,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$17.30

Investment Highlights

  • New Long Term, Absolute NNN Lease
  • Strong Corporate Guarantee – 43+ Unit Operator
  • Strong Performer & Successful Track Record
  • Outstanding Location & Excellent Demographics
  • Freshly Renovated Roof

Investment Overview

Marcus & Millichap is pleased to offer a 63,500 square-foot single tenant Onelife Fitness in Newport News, VA. The offering is inclusive of a 15 Year NNN lease with 10% increase every 5 years. Situated adjacent to the major east-west Interstate-64 providing this location with excellent visibility to over 139,679 vehicles per day. This Onelife Fitness benefits from a dense 3-mile population of over 82,802 residents and an average household income of over $84,608 per year. Not only offering state-of-the-art exercise equipment, this location also has a Saltwater Pool & Spa, Basketball court, Turf Area, Hot Yoga, Cinema Room and More.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

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