Health Clubs
LA Fitness – Riverside, CA
Health Clubs Offerings
LA Fitness – Riverside, CA
3437 Arlington Ave.
Riverside, CA 92506
- Price:
- $17,951,468
- Cap Rate:
- 7.00%
- NOI:
- $1,256,602
- Rentable SQFT:
- 49,661 SF
- Year Built:
- 2010 / 2013
- Lot Size:
- 3.71 AC
- Lease Type:
- NNN
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Long Term Corporate Lease | Recent Extension
- Top Performing Location
- Strong Retail Corridor & Demographics
- Moody’s Upgrades Fitness International’s CFR
NNN Fitness Group of Marcus & Millichap is please to present the opportunity to purchase a freestanding 49,661 square foot LA Fitness in Riverside, CA. LA Fitness executed a recent extension to their corporate lease, demonstrating their long-term success and commitment to this location. The property is a top performing location and is rank as the #1 LA Fitness within 15-miles and is ranked in the 13th percentile of all LA Fitness’ nationwide according to placer.ai trailing 12 months. The offering features 7.5 years of term remaining with (3) 5-year options to renew and structured increases at each of the renewal options. This subject property has tremendous freeway frontage and exposure to Riverside Freeway seeing 165,000 vehicles passing near the site per day.
This strategic Riverside location is in a prime retail area, nearby local tenants include Target, Nordstrom Rack, Ulta Beauty, Marshalls, Jo-Ann Fabrics, Vons, Trader Joes and many more. The 3-mile area surrounding the subject property supports a population of 118,073 residents with an average household income of over $96,400. Riverside is located 50 miles east of downtown Los Angeles and is the most populous city in the Inland Empire and Riverside County and the 12th most populous city in California.
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