New Price | #1 VASA Fitness within 15-Miles | $10.9 M | 7.00% Cap Rate | 2018 Prototype Construction

Highlights:

• Top gym Location in Utah & U.S.
• Major Retail Corridor
• Easy Access to-and-from Salt Lake City
• #1 VASA Fitness within 15-Miles

Description:

The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase a build-to-suit single-tenant VASA Fitness in their top performing MSA – Salt Lake City. The offering features 8 years of term remaining and 10% increases every 5 years throughout the initial term and in each of the renewal options. VASA Clinton is prominently located in a grocery anchored shopping center just off N 2000 West, with daily traffic counts exceeding 21,158. This property is ranked #2 most-visited gym out of 49 fitness locations within a 15-mile radius, according to Placer.ai foot traffic. It ranks in the top 1% of gyms nationwide among nearly 32,200 gyms for highest customer traffic, reaffirming its prime location and strong market presence.

Just north of downtown Salt Lake City and the Salt Lake International Airport, Clinton has high barriers-to-entry and is perfectly situated to take advantage of future growth and density. The Salt Lake City MSA is experiencing rapid population and employment growth, with a favorable business environment combined with a healthy and safe quality of life. The three-mile demographics surrounding VASA Fitness boast a population of over 95K and $81K+ average household income.

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