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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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    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 »

Jake Bordelon

First Vice President Investments

858-373-3133

Email & Bio »

Tony Solomon

Broker of Record

License # 01238010