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Listing Details


Address: 1088, West Poplar Avenue, Collierville, Tennessee, 38017

Price: $9,600,000

Cap Rate: 6.25%

Tenancy: Single Tenant

Status: Available

Listing Team


Ted Slaughter

949.431.2734

ts@realsource.com


Jonathan Schiffer

949.688.1280

js@realsource.com


Scott Reid

949.942.6585

broker@parasellinc.com

Make An Offer

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Tenancy: Fitness International, LLC
Building Size: 34,000
Renewal Options: Three, 5-Year Options
Lease Expiration: 15 Years from COE
Rental Increases: 10% Every 5-Years

Single-Tenant LA Fitness Sale-Leaseback:

Corporately guaranteed lease (Fitness International, LLC)

15-year primary lease term, with three, 5-year options

 

Rare Offering: Collierville is the only LA Fitness sale-leaseback on the market in

North America

Oversized Parcel: 6.23 acres provides potential development upside (contact for details)

 

Highly Affluent Demographics: Collierville is the #2 highest earning zip code in the

Memphis MSA; $213,000 average household income within a 5-mile radius

 

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