Pins Mechanical
4323 S Congress Ave, Austin, TX, 78745, US
IDR 495,801,865,000 | 3,902 m²
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 44610 Prentice Drive in Sterling, Virginia (“Property” or “Asset”). Life Time Fitness 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
IDR 36,204,716,000
WAULT
10 years
Building area net
10,414 m²
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
- Sterling is home to the world’s highest concentration of data centers, providing 15K jobs
- Incredible demand characteristics driven by 5-mile AHHI of $216K and 11% population growth since 2010
- Loudoun County is one of the fastest growing counties in the U.S. with 30 new residents daily
- Adjacent to Dulles International Airport with 27 million passengers annually
- Dense commuter corridor with direct accessibility to 243,000 vehicles per day
Contact brokers
Life Time Fitness - Sterling, VA (0 Properties)
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Last updated
4 Aug 2025
