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100 Cedar AveSouth Windsor, CT 06074
Club Studio (LA Fitness Corporate)
Asset ClassRetail
MSAHartford
Year Renovated: 2024Access Data Room
Club Studio (LA Fitness) | 16yr Absolute NNN Lease | 6.75% Cap Rate | Opening Jan 2025 | S Windsor, CT (Hartford MSA)
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to offer this brand-new luxury Club Studio (LA Fitness Corporate Lease) in South Windsor, CT.  This is the first ever freestanding Club Studio available on the open market.  The offering features a brand new 16-year Absolute NNN Lease adjacent 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 $115,000.

 

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.

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Investment Highlights

  • Brand New 16 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 $115K+
  • New Medical & Retail Mix-Use Project Across the Street
  • Easy Access to-and-from Hartford, CT

Investment Overview

Deal Points
Price
$14,296,300
Cap Rate
6.75%
NOI
$965,000
GLA
43,419 SF
Lot Size
5.07 AC
Year Built
2005/2024
Lease Type
Absolute NNN
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100 Cedar AveSouth Windsor, CT 06074
The Shops at Evergreen Walk

Investment Contacts

Bob HorvathExecutive Vice President(781) 776-4003rhorvath@htretail.com
Todd TremblayExecutive Vice President(781) 776-4001ttremblay@htretail.com
Matt NadlerExecutive Vice President(781) 776-4006mnadler@htretail.com
John KruegerBroker of Record

License #: REB.0752012

(212) 430-5100john.krueger@marcusmillichap.com
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Listing provided by Revere CRE