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EoS Fitness | Brand New 20 Year Lease | 7.00% Cap Rate | Low Rent & Price PSF | Phoenix, AZ

$14,171,500

2814 West Bell Road, Phoenix, AZ 85053

Active
Last Updated: 03/26/2025

7

Cap Rate

992,000

NOI

Details:
Cap Rate:    7%
NOI:    $992,000
Building Size:    62,000 sqft
Lot Area:    5.18 acres
Year Built:    1990
Tenancy:    Single
Year Last Renovated:    2025
Investment Strategy:    Core Plus
Lease Expire Year:    05/31/2045
Highlights:
  • Brand New 20 year Lease w/ Low Rent
  • Fastest Growing Health Club Chain
  • Strong Tenant & Demographics
Description:

The NNN Fitness Group of Marcus & Millichap is pleased to present a 62,000-square-foot single-tenant EōS Fitness in Phoenix, AZ. This newly retrofitted property features a brand-new 20-year lease with 10% rent increases every 5 years, ensuring long-term income growth. The tenant, EōS Fitness, is one of the nation’s fastest-growing HVLP (High-Value Low-Price) gym operators, with 125+ locations and aggressive expansion plans. With low rent ($16 PSF), an attractive price per square foot ($229 PSF), and a corporate-backed tenant, this offering presents an exceptional opportunity for investors seeking a stable, long-term asset in a high-growth market.

Strategically positioned at 2814 W Bell Rd, this 5.18-acre site sits along Bell Road and I-17, two of the busiest thoroughfares in the area, with a combined traffic count of 209,481 vehicles per day. The Phoenix MSA is one of the fastest-growing metros in the U.S., with a population of 5+ million and a strong economic base supported by major industries, including technology, manufacturing, and healthcare. Within a 3-mile radius, the property benefits from 144,277 residents and an average household income of $83,664, reflecting the area’s strong consumer base.

Adding to the investment appeal, the property is near The Metropolitan, a transformative $850M redevelopment of the former Metrocenter Mall, which will introduce new residential, retail, and transit infrastructure, further enhancing the surrounding trade area.

Map:
Documents:
Title
EOS_Fitness__Phoenix_AZ_OM.pdf
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Location
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