Language and Region
Currency

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

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

922 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Crunch Fitness | Brand New 20-Yr Deal 4681 Hypoluxo Rd

30,000 SF Retail Building Lake Worth, FL 33463 £11,793,087 (£393/SF) 6.25% Net Initial Yield

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Brand New 20-Year Deal | Scheduled Rental Increases | Grand Opening | Established Franchisee
Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
Near Signalized, Hard Corner Intersection | Excellent Visibility & Access

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Apartments

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Crunch Fitness investment property located in Lake Worth Beach, Florida. The tenant, Crunch Fitness, Inc recently signed a brand new 20 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The franchisee is the largest Crunch Fitness franchisee with 70 opened clubs, 15+ under development, and 100+ units that are planned for 2026. Est. grand opening is Dec. 2024. Headquartered in New York City, Crunch serves two million members with over 460 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, and Spain.