LA Fitness | Recently Extended Corp Lease

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single tenant net leased LA Fitness in Cuyahoga Falls, OH. LA Fitness (Fitness International, LLC) operates 630 state-of-the-art fitness centers across the United States and Canada and is one of the most recognizable health clubs across North America. With 5.9 years remaining in the primary term, three 5-year option periods, 10% rent increases every option period, and potential for percentage rent, this asset is ideal for an investor seeking internet-resistant cash flows. 

The 45,000 square foot standalone gym is located near the hard corner signalized intersection of Portage Trail and State Rd, which sees over 36,300 VPD. The subject property is within 35 miles of Cleveland (CSA population exceeding 3.6 million) and is surrounded by national retailers. Nearby retailers include Menards, Acme Fresh Market, Market District Supermarket, Walgreens, McDonald’s, Chipotle, Starbucks, Dunkin’, Taco Bell, Arby’s, KFC and more.

This is a great opportunity to purchase a net leased fitness center in Ohio with a well-established tenant and limited landlord responsibilities, providing stable income for years to come.

Available