NNN Fitness
Featured Listings
Top

The #1 Source for Health Club Advisory Services

Net Lease Health Clubs

City Sports Club (LA Fitness) – Elk Grove, CA

Net Lease Health Clubs Offerings

City Sports Club (LA Fitness) – Elk Grove, CA

8438 Elk Grove Florin Rd,

Elk Grove, CA 95624

Price:
$12,580,000
Cap Rate:
6.75%
NOI:
$849,150
Rentable SQFT:
37,000 SF
Year Built:
2023
Lot Size:
2.08 AC
Lease Type:
NN
Lease Term:
11+ yrs
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • Corporate-Backed Security
  • Long-Term Lease
  • High-Visibility Corner Location
  • Dense & Affluent Trade Area

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) in Elk Grove, California. Completed in 2023, the 37,000-square-foot facility is leased to Fitness International, LLC, the parent company of LA Fitness and City Sports Club, one of North America’s largest health club operators with over 600 locations. The investment offers 11+ years of remaining lease term through March 2038, three (3) five-year renewal options, and rental increases of the lesser of 8% or CPI every five years, providing long-term income security and inflation protection. The property has demonstrated exceptional operational performance, generating more than 543,800 annual visits and averaging over 1,400 daily check-ins, according to Placer.ai.

Located within the Calvine Pointe Shopping Center, the property occupies a highly visible corner at Elk Grove’s busiest retail intersection, benefiting from over 68,900 vehicles per day and adjacency to numerous national retailers. Elk Grove is one of the Sacramento region’s most affluent and rapidly growing communities, with more than 131,000 residents within three miles and average household income exceeding $125,000 within one mile. The newly constructed asset combines strong underlying real estate fundamentals with a corporate-backed tenant, making it a compelling net lease investment opportunity.

 

View M&M Listing Page

Documents

Property Marketing Package* Requires Client Log-in

Register Client Log-In

Not Registered?

In order to view the Marketing Package and join our distribution list, please complete the fields below.

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Name*
Role*
Your email address will be your username for future logins.
Password*
Enter a password that will be used for future login. Keep record of this.

Confidentiality and Disclaimer

The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

All property showings are by appointment only. Please consult your Marcus & Millichap agent for more details.

Accept Terms*

For more information, please contact:

Mark Thiel

Executive Managing Director

858-373-3206

Email & Bio »

Jake Bordelon

Managing Director Investments

858-373-3133

Email & Bio »

Tony Solomon

Broker of Record

License # 01238010