City Sports Club (LA Fitness) - Elk Grove, CA - Featured Listing - NNN Fitness
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City Sports Club (LA Fitness) – Elk Grove, CA

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

8438 Elk Grove Florin Rd,

Elk Grove, CA 95624

Price:
$12,580,000
Cap Rate:
6.25%
NOI:
$786,250
Rentable SQFT:
37,000 SF
Year Built:
2023
Lot Size:
2.08 AC
Lease Type:
NN
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • New Long-Term Lease w/ Stable Rent Growth
  • Prime High-Traffic Elk Grove Retail Intersection
  • Wealthy, Growing Demographic Base
  • Tremendous Foot Traffic

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) at the busiest intersection in South Sacramento California MSA. This 37,000-square-foot modern prototype facility offering 13.25 years of lease term extending through March 2038, backed by Fitness International, LLC— the largest non-franchised health club chain with 740+ locations in the US & Canada. Structured 8% or CPI rent increases every five years provides stable income growth and security.

Located in one of Sacramento’s most desirable communities Elk Grove, this property benefits from strong demographics, with an average household income of $116,085 within a one-mile radius and a population exceeding 127,000 within three miles. Positioned at the busiest retail intersection in Elk Grove and South Sacramento County, this City Sports Club enjoys combined traffic counts over 68,900 vehicles per day. Situated within the Calvine Pointe Shopping Center and surrounded by high-profile retailers, this property offers unparalleled visibility and accessibility in a thriving commercial hub. The adjacent Kohl’s is the only soft goods retailer in the region and is top ranked within the company further demonstrating the strong draw to this shopping center. 

 

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

Email & Bio »

Jake Bordelon

First Vice President Investments

858-373-3133

Email & Bio »

Tony Solomon

Broker of Record

License # 01238010