LA Fitness | Riverside, CA | Long Term Corporate Lease | Top Performing Location
$17,886,317
3437 Arlington Avenue, Riverside, CA 92506
6.87
Cap Rate
1,229,592
NOI
Details:
Highlights:
- Corporate-Backed Security
- Long Term Corporate Lease | Recent Extension
- Top Performing Location
- Strong Retail Corridor & Demographics
Description:
The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 49,661 square-foot LA Fitness located in Riverside, CA. Renovated in 2013, this top-performing location ranks as the #1 LA Fitness within 15 miles and in the top 3% of all fitness centers nationwide according to Placer.ai. The corporately guaranteed NN lease has approximately 5.5 years remaining on the initial term, with three 5-year renewal options and 10% rent increases every five years. The property offers exceptional visibility along the Riverside Freeway (CA-91), which sees 182,800 vehicles per day, and is situated within a prime retail corridor anchored by Target, Nordstrom Rack, Trader Joe’s, and more. The surrounding 3-mile area is home to over 114,000 residents with an average household income exceeding $100,000.
Tony Solomon
Broker of Record
License # 01238010
23975 Park Sorrento
Suite 400
Calabasas, CA 91302
Documents:
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LA_Fitness__Riverside__CA_-_OM.pdf
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Location
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