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Listing Details


Address: 1618, Highway 138 Southeast, Conyers, Georgia, 30013

Price: $15,842,000

Cap Rate: 6.00%

Tenancy: Single Tenant

Status: Available

Listing Team


Ted Slaughter

949.431.2734

ts@realsource.com


Jonathan Schiffer

949.688.1280

js@realsource.com


Austin Blodgett

949.431.2735

ab@realsource.com

Make An Offer

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Tenancy: Fitness International, LLC
Building Size: 45000
Renewal Options: Three, 5-Year Options
Lease Expiration: 15 Years from COE
Rental Increases: Lesser of CPI or 8% Every 5-Years

Sale Leaseback. Single-Tenant LA Fitness:

Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company]

ABSOLUTE NNN Lease. No landlord responsibilities

15-year Primary Lease Term, with three (3), 5-year Options

Rent increases every 5 years, including options

About LA Fitness:

Fitness International, LLC [Parent Company]

750 open and operating health clubs across North America, and expanding

#1 largest health club operator in North America by revenue

$2.1B Estimated Annual Revenue

40+ Years of operational experience

Rare Offering: Fort Worth is the Only Fitness International [LA Fitness] Sale Leaseback on the market in North America