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Esporta Fitness – Brandon, FL

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Esporta Fitness – Brandon, FL

2890 Providence Lake Blvd.

Brandon, FL 33511

Price:
$15,615,000
Cap Rate:
6.00%
NOI:
$936,900
Rentable SQFT:
45,000 SF
Year Built:
2006 / 2017
Lot Size:
4.20 AC
Lease Type:
NNN
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • Strong Commitment to Site
    Fitness International, LLC executed an early 15 Year lease extension and substantial remodel in 2017. This is a rare NNN lease for a freestanding parcel with tenant responsible for roof and structure.
  • Irreplaceable Location
    Located just off intersection 75 and Causeway Blvd. with a combined traffic count of 142,643 vehicles per day. The property is adjacent to Costco and has 4,931+ apartments nearby. Nearby national and local retailers include Walmart, Starbucks, Dunkin’ Donuts, Buybuy Baby, Lowe’s, Petsmart, Kohl’s, Publix, Chick-fil-a, and many more.
  • Top Performing Health Club Chain
    LA Fitness is the largest and one of the fastest-growing non-franchised fitness club operators with over 744+ health club locations in the United States and Canada.
  • Major Recapitalization – Moody’s 06/01/21
    Fitness International, LLC recently joined forces with several large equity partners in a major recapitalization effort to take advantage of growth opportunities – major recent capital raise from equity partners; Fitness International’s current total liquidity is about $730M (Moody’s).

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    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.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

Email & Bio »

Ryan Nee

Broker of Record

License: BK3154667