LA Fitness - Florence, KY

Asset Type

Retail

Address
430 Meijer Dr Florence, KY United States 41042-5128
Asking Price

S$21,650,000

Sq Footage

47,353

Year Built

2008

Cap Rate

7.25%

Additional Attributes
Current / Passing Rent S$1,570,000
Lease Expiration 2028-01-18
Lease Type NNN
Options 2, 10 year options
Tenant Fitness & Sports Clubs, LLC

Property Description

Single-tenant LA Fitness for sale, strategically located within the Cincinnati MSA at the heart of the retail corridor with many national retailers and the Florence mall. Visible from I-75 and adjacent to Meijer, Home Depot and the Florence Executive Centers I and II with 100,000 sq. ft. of office space. Property has a long-term, absolute NNN lease with a corporate guarantee, making it a great passive investment.

Investment Highlights

  • Fee simple interest
  • Property is leased to Fitness & Sports Clubs, LLC on a long-term, absolute NNN lease with a corporate guarantee 
  • Single tenant 
  • Highly visible from Interstate 75 
Listing Contacts
Peter Bauman
Peter Bauman
SVP, Capital Markets
+65 3159 4021
AZ - SA647389000 NV-186153
Douglas Owen
Douglas Owen
SVP, Brokerage
+65 3159 4021
KY - 198490
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