Health Clubs
LA Fitness – Riverside, CA
Health Clubs Offerings
LA Fitness – Riverside, CA
3437 Arlington Ave.
Riverside, CA 92506
- Price:
- $17,886,317
- Cap Rate:
- 6.87%
- NOI:
- $1,229,592
- Rentable SQFT:
- 49,661 SF
- Year Built:
- 2010 / 2013
- Lot Size:
- 3.71 AC
- Lease Type:
- NN
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Corporate-Backed Security
- Long Term Corporate Lease | Recent Extension
- Top Performing Location
- Strong Retail Corridor & Demographics
The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 49,661 square-foot LA Fitness located in Riverside, CA. Renovated in 2013, this top-performing location ranks as the #1 LA Fitness within 15 miles and in the top 3% of all fitness centers nationwide according to Placer.ai. The corporately guaranteed NN lease has approximately 5.5 years remaining on the initial term, with three 5-year renewal options and 10% rent increases every five years. The property offers exceptional visibility along the Riverside Freeway (CA-91), which sees 182,800 vehicles per day, and is situated within a prime retail corridor anchored by Target, Nordstrom Rack, Trader Joe’s, and more. The surrounding 3-mile area is home to over 114,000 residents with an average household income exceeding $100,000.
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