Vasa Fitness | 7.25% Cap | $8.32M | 10+ Yr Lease Term | 2019 Prototype | Oklahoma City, OK

Highlights:

• Dominant Market Share Between Two OKC Locations
• Strategic Store Spacing for Market Coverage
• Low Rent & Below Replacement Value
• A Major Medical Campus Complements VASA
• #1 Walmart Neighborhood Market in OKC Evidences the Excellent Intersection
• Growing City, Low Cost of Living & Excellent Rating

Description:

The NNN Fitness Group of Marcus & Millichap is pleased to present a single-tenant prototype VASA Fitness in Oklahoma City, OK. The lease term features over 10 years remaining with (3) 5-year options to renew. This location has tremendous foot traffic; top 6% of health clubs nationwide and ranks as the #7 fitness center in Oklahoma City MSA, according to Placer.ai foot traffic. VASA Fitness is prominently located across the street from the 31-acre INTEGRIS Southwest Medical Center and adjacent to the #1 Walmart Neighborhood Market in the state of Oklahoma, at the excellent intersection of S Western Ave and SW 44th St with a combined VPD of 33,550.

VASA Fitness brand dominates Oklahoma City with 1.37 million annual customer visits to the two highest-grossing gyms in the market. Southern Oklahoma City provides an incredibly captive customer base for the Property as there is no other +25,000-SF health club that is located within 5 miles of the Property, south of Oklahoma River. Oklahoma City is a growing city with an excellent rating, Moody’s ranking of Aaa, reflecting the city’s large and stable economy.

Steve Greer
Broker of Record
629 W. Main Street, Ste. 107
Oklahoma City, OK 73102
Lic #: 206118
P: (225) 376-6800
Steve.greer@marcusmillichap.com

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