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VASA Fitness – Clinton, UT

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VASA Fitness – Clinton, UT

2642 N 2000 W

Clinton, UT 84015

Price:
$10,998,600
Cap Rate:
7.00%
NOI:
$769,907
Rentable SQFT:
50,000 SF
Year Built:
2018
Lot Size:
3.86 AC
Lease Type:
NNN*
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • Top Gym Location in Utah & U.S.
  • Major Retail Corridor
  • Easy Access to-and-from Salt Lake City

The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase a build-to-suit single-tenant VASA Fitness in their top performing MSA – Salt Lake City. The offering features 8 years of term remaining and 10% increases every 5 years throughout the initial term and in each of the renewal options. VASA Clinton is prominently located in a grocery anchored shopping center just off N 2000 West, with daily traffic counts exceeding 21,158. This property is ranked #2 most-visited gym out of 49 fitness locations within a 15-mile radius, according to Placer.ai foot traffic. It ranks in the top 1% of gyms nationwide among nearly 32,200 gyms for highest customer traffic, reaffirming its prime location and strong market presence.

Just north of downtown Salt Lake City and the Salt Lake International Airport, Clinton has high barriers-to-entry and is perfectly situated to take advantage of future growth and density. The Salt Lake City MSA is experiencing rapid population and employment growth, with a favorable business environment combined with a healthy and safe quality of life. The three-mile demographics surrounding VASA Fitness boast a population of over 95K and $81K+ average household income.

 

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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 »

Adam Lewis

Broker of Record

Lic #: 6250302-SA00