Pins Mechanical
4323 S Congress Ave, Austin, TX, 78745, US
HK$237,761,000 | 42,000 sf
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 18425 Dodd Blvd in Lakeville, Minnesota (“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
HK$18,847,000
WAULT
10 years
Building area net
212,030 sf
Year built
2007
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
- #1 most visited Life Time Fitness location in Minnesota and #2 most visited in the U.S. (Placer.ai)
- Lakeville is Dakota County’s largest and fastest growing city, forecasted to reach 89,500 residents and 29,900 employees by 2050
- Incredible demand characteristics driven by 1-mile AHHI of $197K and 51% population growth since 2010
- Located along Dodd Blvd, a major north-south commuter route in Lakeville
Contact brokers
Life Time Fitness - Lakeville, MN (0 Properties)
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Last updated
4 Aug 2025
