LA Fitness

Price: $12,419,904
Sq. Ft.: 45,000
Cap Rate: 6.25%
Built: 2006

The subject property is a 45,000 sf freestanding LA Fitness located just off President George Bush Turnpike in Rowlett, TX, which is located approximately 20 miles northeast of downtown Dallas. LA Fitness, founded in 1984, is currently the largest non-franchised fitness club operator in the United States and currently operates approximately 650 locations throughout 29 US states and approximately 24 clubs in Canada. LA Fitness just recently executed an amendment which extended the Lease term for a new 15-year term till 2032. The Lease is NNN with 10% (based on CPI) increases every five years.