• New Single-Tenant LA Fitness:
∘ Major recent capital raise from equity partners; Fitness International’s current
total liquidity is about $730 million (Moody’s) – contact broker for details
∘ LA Fitness experienced no club closures as a result of the pandemic
∘ Corporately guaranteed lease with the largest health club operator in the country
(730+ locations)
∘ New construction (2020) with almost 14 years of firm term remaining
∘ Low rent and price point for a new construction LA Fitness
• Georgia was One of the First States to Successfully Re-Open Gyms Since COVID-19:
They are operating at 100% capacity
• Located within Large Kroger Anchored Shopping Center, the Only Grocer in the
Immediate Trade Area: Strong grocer co-tenancy; other tenants include Kroger Fuel,
H&R Block, O’Reilly Auto Parts, Verizon, Aaron’s, Rainbow Shops, Ameris Bank, Coast
Dental, Burger King, Tidal Wave Auto Spa, Kumon, and Lawrenceville Health Center