Life Time Fitness - Beachwood, OH
3850 Richmond Road, Beachwood, OH, 44122, US
10,592 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 3825 Hard Road in Dublin, Ohio (“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
THB 61,104,000
WAULT
10 years
Building area net
10,131 m²
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 Ohio (Placer.ai) with strong 3.62X EBITDAR to Rent Coverage
- Dublin is one of the region’s largest employment centers with 49,000+ jobs
- Incredible demand characteristics driven by 5-mile AHHI of $131K and 22% population growth since 2010
- Access to property via 3 roadways and adjacent to I-270 with 220,000 vehicles per day
Contact brokers
Life Time Fitness - Dublin, OH (0 Properties)
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Last updated
4 Aug 2025
