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net lease LA Fitness

Net Lease LA Fitness Property Profile and Cap Rates

Date April 10, 2017

Net Lease LA Fitness – Typical Property and Lease Terms


Price Range:$7M - $17M
Cap Rate:6.25% - 6.75%
Net Income:$475,000 - $1,000,000
Price Per foot:$300 PSF
Building Size:45,000 SF
Lot Size:5 Acres
Escalations:10% Every 5-Years
Lease Term:15 Years
Lease Type:NN
Credit Rating:NR


Tenant Company Information:

LA Fitness is an American health club chain with over 800 clubs across the United States and Canada. The company was formed in 1984 and is based in Irvine, California.  All LA Fitness gyms are open 7 days a week and many locations are open 24 hours a day. Locations feature state-of-the-art equipment and cardio machines, basketball and racquetball courts, locker facilities, juice bars and personal trainers. LA Fitness is a privately-owned company, with major ownership interests held by private equity firms Seidler Equity Partners, CIVC Partners, and Madison Dearborn Partners.


Website: www.lafitness.com
Founded: 1984
Number of Locations: 800+
Headquarters: Irvine, California