LA Fitness (City Sports Club) | New 2023 Construction | 11+ Year Lease | Sacramento MSA

Highlights:

• Corporate-Backed Security
• Long-Term Lease
• High-Visibility Corner Location
• Dense & Affluent Trade Area

Description:

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) in Elk Grove, California. Completed in 2023, the 37,000-square-foot facility is leased to Fitness International, LLC, the parent company of LA Fitness and City Sports Club, one of North America’s largest health club operators with over 600 locations. The investment offers 11+ years of remaining lease term through March 2038, three (3) five-year renewal options, and rental increases of the lesser of 8% or CPI every five years, providing long-term income security and inflation protection. The property has demonstrated exceptional operational performance, generating more than 543,800 annual visits and averaging over 1,400 daily check-ins, according to Placer.ai.

Located within the Calvine Pointe Shopping Center, the property occupies a highly visible corner at Elk Grove’s busiest retail intersection, benefiting from over 68,900 vehicles per day and adjacency to numerous national retailers. Elk Grove is one of the Sacramento region’s most affluent and rapidly growing communities, with more than 131,000 residents within three miles and average household income exceeding $125,000 within one mile. The newly constructed asset combines strong underlying real estate fundamentals with a corporate-backed tenant, making it a compelling net lease investment opportunity.

Tony Solomon
Broker of Record
License # 01238010
23975 Park Sorrento, Suite 400
Calabasas, CA 91302
TonySolomonBOR@mmreis.com
(310) 909-5500

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