LA Fitness | 8.25% Cap Rate | 2020 Freestanding Prototype Construction | Bartlett, TN

Highlights:

• Modern Construction with Long-Term Commitment
• Corporate-Backed Security
• Positioned within Dominant Retail Corridor
• Strong Visibility Along Stage Road (US-64)

Description:

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant LA Fitness located in Bartlett, Tennessee. The 34,120-square-foot fitness facility is leased to Fitness International, LLC, the parent company of LA Fitness, under a long-term NN lease with more than seven years of remaining term. The offering provides investors with stable cash flow at an 8.25% cap rate, supported by a corporate-backed tenant with an S&P B/Positive rating and contractual 10% rent increases every five years throughout the lease term.

Positioned along Stage Road (US-64), one of Bartlett's primary commercial corridors with approximately 31,940 vehicles per day, the property benefits from excellent visibility and convenient access within a dense retail trade area. The site is surrounded by nationally recognized retailers including Walmart Supercenter, Kroger, Burlington, Kohl's, Chick-fil-A, CVS, Five Below, Applebee's, and numerous other destination-oriented retailers that drive consistent consumer traffic.

Jody McKibben
Broker of Record
6 Cadillac Dr., Ste. 100
Brentwood, TN 37027
P: (615) 997-2900
Lic #: 307629
jody.mckibben@marcusmillichap.com

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