LA Fitness

Tenancy: Fitness International, LLC

Building Size: 34,000

Renewal Options: Three 5-Year

Lease Expiration: August 31, 2035

• 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

Fitness International LLC, known as LA Fitness, was founded in Los Angeles, California in 1984. They are the largest non-franchised fitness club operator in the United States operating gyms and expanding rapidly with numerous locations currently under construction in cities across the country. LA Fitness recently claimed the top spot on the Top 100 Clubs list for the 6th consecutive year; reliable industry sources reported that the company’s 2018 revenue was $2.09 billion (clubindustry.com).

The gyms are known for their large variety of amenities and highly trained staff. The locations offer HIIT training, cardio and strength equipment, personal training, indoor cycling, group exercise classes, indoor pool, spa, kids club, basketball courts, racquetball, cafes and juice bars. The company’s tagline and goal is to encourage members to “Exercise Your Options.” Setting itself apart from its competitors, the gyms offer a larger variety of group exercise classes as well as basketball leagues, racquetball tournaments, and competitive activities. The clubs latest prototypes are about 35,000 square feet and are open 7 days per week, with some locations open 24 hours.

LA Fitness’ mission is to help as many people as possible achieve the benefits of a healthy lifestyle by creating a nationwide network of sports clubs, offering its members the widest range of amenities and the friendliest service at an affordable price.

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