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681CC1EA 399A 4FA7 A0DE 8C97D1B63C1E 1 201 a
Tenancy: Fitness International, LLC
Building Size: 42,557
Renewal Options: Two 5-Year Options
Lease Expiration: 12/31/2032
Rental Increases: 10% Every 5-Years

New Single-Tenant LA Fitness:

Corporately guaranteed lease with the largest health club operator in the

country (740+ locations)

NN lease with minimal landlord responsibilities, ideal for a passive investor

Major recent capital raise from equity partners and credit upgrade to B3

Stable (June 2022 – Moody’s)

Brand New 10-Year Lease Extension: Showing the Tenant’s commitment to this

location

• Upside Potential: Buyer can potentially carve out a pad site in the parking lot to

add value immediately (contact broker for details)

Below Market Rent at $17 Per Square Foot

High Traffic Location: Excellent visibility and access on N Indiana 135 with over

43,000 cars per day

Dense and Affluent Demographics: Over 172,000 people within 5 miles of the

subject property with a $102,000 average household income within 1mile

681CC1EA 399A 4FA7 A0DE 8C97D1B63C1E 1 201 a

Listing Details


Address: 540, North State Road 135, Greenwood, Indiana, 46142

Price: $11,022,000

Cap Rate: 6.75%

Tenancy: Single Tenant

Status: Available