LA Fitness - West Melbourne, FL_Pand te koop
LA Fitness - West Melbourne, FL_Pand te koop
4454 Hollywood Boulevard, West Melbourne, FL, 32904, US

LA Fitness - West Melbourne, FL

Objectomschrijving

JLL is pleased to exclusively offer for sale the LA Fitness in West Melbourne, FL (the “Property” or the “Asset”). The Property is favorably situated within a dense commercial corridor directly adjacent to interstate-95 which provides ample exposure to more than 80,000 vehicles per day. The Asset favorably sits on an oversized 4.20-acre parcel surrounded by prominent businesses including Walmart, Target, Bass Pro Shops, Kohl’s and a 130-room SpringHill Hotel next door set to open in fall 2024. The surrounding 1-mile area has experienced a staggering 90% population growth since 2010 and has been accompanied by a plethora of new developments which includes 1,700+ apartment units delivered within the last 5-years.

LA Fitness (the “Tenant”) has operated at this location since its delivery in 2015 and is subject to a net lease with 11.7-years of remaining term, a 10% rent bump in March 2026, multiple renewal options, and minimal landlord responsibilities. This offering presents a passive income opportunity for investors seeking growing, long-term cash flow backed by industry-leading tenancy in a premier market with strong real estate fundamentals.

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Attributen

Netto gebouwoppervlakte
4.244 vierkante meter
Bezettingspercentage
100%
Bouwjaar
2015
WAULT
11.7 jaren

Media

Investeringskenmerken

  • 90% population growth within 1-mile since 2010 and 1,750 apartment units delivered since 2018
  • Premier corridor off I-80 surrounded by prominent retailers including Walmart, Bass Pro Shops, Target, and more
  • 10% rent growth in March 2026
  • Net lease with nearly 12-years of remaining term and minimal landlord responsibilities
  • 2015 build-to-suit situated on an oversized, 4.20-acre parcel
LA Fitness - West Melbourne, FL 4_Pand te koop

Contact adviseurs

LA Fitness - West Melbourne, FL (0 Eigendommen)
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Laatst bijgewerkt
24 juin 2024