LA Fitness | 1860 Duluth Hwy
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
LA Fitness 1860 Duluth Hwy
38,761 SF 4-Star Retail Building Lawrenceville, GA 30043 £8,345,138 (£215/SF) 6.25% Net Initial Yield
Investment Highlights
- Brand new 10-Year Lease Extension: Showing the Tenant's long-term commitment to this location.
- Excellent Demographics.
- Single-Tenant NN+ Lease with minimal landlord responsibilities.
- Oversized Parcel: 5 acres provides potential development upside.
- Nearby Multi-Family & Apartment Density.
- Highly Replaceable, Very Low Rent at about $16 Per Square Foot.
Executive Summary
Single-Tenant LA Fitness:
° Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 16-year Remaining Lease Term, with two (2), 5-year Options
° Rent Increases every 5 years, including Options
° Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 16-year Remaining Lease Term, with two (2), 5-year Options
° Rent Increases every 5 years, including Options
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Health Club
Building Size
38,761 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2003
Price
£8,345,138
Price Per SF
£215
Net Initial Yield
6.25%
NOI
£521,571
Tenancy
Single
Number of Floors
1
Building FAR
0.18
Lot Size
4.86 AC
Zoning
R-1
Parking
200 Spaces (4.88 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7-081-028 | Improvements Assessment | £2,987,379 |
| Land Assessment | £919,124 | Total Assessment | £3,906,503 |
PROPERTY TAXES
Parcel Number
7-081-028
Land Assessment
£919,124
Improvements Assessment
£2,987,379
Total Assessment
£3,906,503
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
LA Fitness | 1860 Duluth Hwy
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.