LA Fitness Sale-Leaseback – Fort Worth, TX

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 10% 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