EoS Fitness - Surprise, AZ

Highlights:

• New Long-Term 15 Year Lease
• EOS Fitness Has 56+ Locations And Growing
• $4M+ In Tenant Improvements In 2019
• Dominant Freeway Visibility And Access

Description:

The NNN Fitness group of Marcus & Millichap is pleased to present this rare opportunity to purchase a fee-simple EōS Fitness located in the Phoenix Metro Service Area of Surprise, AZ. The offering is a 53,843-square-foot facility positioned on 5.44 acres just off Arizona State Route 303 and W Bell Road with over 76,070 combined traffic counts. This former Albertson’s grocery store was completely renovated in 2019 with over $4M+ in tenant improvements, including a brand new roof with a 10 year warranty. This location is open 24 hours a day, 7 days a week, and clients can enjoy a group exercise room, cycling studio, cardio with individual TVs, EōS Cinema, a huge free weight area, pool, sauna, boxing, a functional training area with turf, personal training, Kid’s Club, and a group fitness studio featuring over 50 classes a week including yoga, pilates, Bodypump, Zumba, and much more!

Surprise, AZ is located about 45 minutes from downtown Phoenix. Since 2000, the population in the Phoenix metro has increased by more than 38 percent. The local economy has strengthened since the recession, with retail sales projected above 8 percent this year and hotel occupancy levels rising. The strengthening economy is drawing job seekers to the area, also boosting the housing market. Phoenix offers a lower cost of living than other metros its size, a moderate climate and a variety of recreational and cultural activities. The Surprise Village Marketplace is across the street and there are several national and regional retail tenants nearby, including Sam’s Club, Walgreens, Bank of America, Taco Bell, and McDonalds, WinCo, Safeway, Starbucks, Wendy’s, Taco Bell. A new hospital is also being built across the street that will bring in additional traffic.

*Brand New Roof With Transferable 10-Year Warranty.
**Lease requires EōS to pay property taxes directly to Maricopa County Treasurer.
***Tenant - Fitness Alliance, LLC - Regional Entity (Full Lease Term)
Corporate - EōS Fitness OPCO Holdings, LLC (10 years)

Broker of Record
Ryan Sarbinoff
Lic.# BR675146000

Documents: