LA Fitness Center - Columbus

Asset Type

Retail

Address
5959 N Hamilton Rd Columbus, OH United States 43230-8517
Asking Price

S$24,280,000

Sq Footage

73,081

Year Built

2006

Cap Rate

8.80%

Additional Attributes

Property Description

Leasehold interest in an LA fitness-anchored retail center for sale in northeast Columbus. The asset is strategically positioned within a well-tenanted shopping center across from the highly anticipated Hamilton Quarters development, a 320-acre project currently undergoing phase one construction. Desirable location and dense population base makes this an excellent investment opportunity for an asset in a highly sought-after market.

Investment Highlights

  • LA Fitness has a long-term, net-lease with a strong corporate guarantee provided by Fitness International, LLC
  • New owner will have the right to acquire the fee-simple title in 2022
  • LA Fitness accounts for 82% of NOI, providing tremendous security with a lease term through June of 2027

Listing Contacts
Tivon Moffitt
Tivon Moffitt
SVP, Capital Markets
+65 3159 4021
AZ - BR639369000 NE - 20170674 NC - LC673 UT - 11178542-AB00 NV - 186027
Bill Poffenberger
Bill Poffenberger
Executive Vice President
+65 3159 4021
OH - 352247
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