deal image
100 Cedar AveSouth Windsor, CT 06074
Club Studio (LA Fitness Corporate)
Asset ClassRetail
MSAHartford
Lease-Term Remaining: 15 YearsYear Renovated: 2024Access Data Room
Club Studio (LA Fitness Corporate) | S&P ‘B’ Stable |15 Yr Absolute NNN Lease | Hartford CT MSA
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to offer a 43,419-square-foot single-tenant Club Studio in South Windsor, CT. This is the first ever Club Studio available on the open market. The offering features a brand new 15-year Absolute NNN Lease and benefits from its proximity to Costco, Whole Foods, and The Promenade Shops. Moreover, new medical and retail mix-use projects are underway across the street from the property. The property is ideally located near the I-84 which serves 125,600 vehicles per day and provides easy access to-and-from Hartford, CT. Furthermore, the property is surrounded by an affluent demographic boasting a three-mile average household income of over $109,000.

 

South Windsor, Connecticut, nestled in Hartford County, is a vibrant and thriving town known for its diverse community and economic vitality. The town’s economy encompasses a wide range of industries, including manufacturing, technology, healthcare, and retail, providing a stable foundation for residents and businesses alike. Additionally, South Windsor’s strategic location, with easy access to major highways and proximity to Hartford, enhances its appeal for commuters and businesses. Hartford, CT hosts prestigious institutions like Trinity College and the University of Hartford with thousands of students. Downtown Hartford has experienced revitalization, with attractions like Bushnell Park providing an urban oasis. The city’s commitment to innovation, research, and entrepreneurship makes it an exciting hub, while its dining and shopping scene, including the Hartford Public Market, adds to its appeal.

Access the Data Room

Investment Highlights

  • Brand New 15 Year Absolute NNN Lease | Fitness International’s Newest Concept (signed by parent company of LA Fitness)
  • Adjacent to Costco, Whole Foods & The Promenade Shops
  • Affluent Demographics, 3-Mile AHHI $109K+
  • New Medical & Retail Mix-Use Project Across the Street
  • Easy Access to-and-from Hartford, CT

Investment Overview

Deal Points
Price
$13,785,714
Cap Rate
7.00%
NOI
$965,000
GLA
43,419 SF
Lot Size
5.07 AC
Year Built
2005/2024
Lease Type
Absolute NNN
deal gallery image
deal gallery image
deal gallery image
100 Cedar AveSouth Windsor, CT 06074
deal image

Inquire

Listing provided by Revere CRE