Pins Mechanical
4323 S Congress Ave, Austin, TX, 78745, US
CA$41,708,000 | 3,902 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the freestanding Life Time Fitness located at 3051 Healthy Way in Vestavia Hills, Alabama (“Property” or “Asset”). Life Time is operating on an absolute NNN lease with ±10.0 years of primary lease term remaining, 10% rent escalations every five years, four, five-year renewal options and zero landlord responsibilities.
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Attributes
NOI
CA$2,888,000
WAULT
10 years
Building area net
9,629 sm
Year built
2008
Media
Investment highlights
- Absolute NNN lease with ±10.0 years of primary lease term remaining and 10% rent escalations every 5 years
- Life Time Fitness is a premium lifestyle and leisure brand with more than 1.5+ million members
- ONLY Life Time Fitness location in Alabama
- Adjacent to The Summit, the #1 most visited community shopping center in AL
- Vestavia Hills is the 2nd wealthiest city in Alabama
- Incredible demand characteristics driven by 3-mile AHHI of $155K and 13% population growth since 2010
- Just off the I-459 and US Highway 280 interchange with accessibility to 211K vehicles per day
Contact brokers
Life Time Fitness - Vestavia Hills, AL (0 Properties)
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Last updated
Aug 4, 2025
