13-YEARS OF REMAINING TERM

• Vasa executed a brand-new 15-Year lease in 2017 and executed one of its 3-options early with 10% rental increases every 5 years.

BELOW MARKET ASSUMABLE LOAN

• CMBS Loan
• 4.88% Fixed Rate
• Matures 6/1/2029
• Balance of Roughly $7.4M
• ADS $508,332
• Pre-Payment Penalty is equal to 1% of loan balance

#1 PERFORMING VASA LOCATION IN COLORADO

• Top performing VASA - system wide.
• #1 - Total Membership
• #1 - Revenue
• #2 - EBITDA

PAD SITE OPPORTUNITY TO ADD VALUE

Included in the sale is a .46 acre pad site currently being utilized as a ATM Drive-Thru for Key Bank. Their current lease runs through January of 2026, at which time they will not be renewing their lease. Their income has been excluded from the current NOI. The pad site can either be leased to another ATM user or be redeveloped for another use.

DENSELY POPULATED SOUTHWEST DENVER TRADE AREA

• Approximately 5.5 miles from downtown Denver. A population of 386,065 within a 5-mile radius and 160,500 within a 3-mile radius.

GROWING NATIONAL TENANT

• Founded in 2014 out of Utah with over 50 locations across 8 states and continuing their future growth plans as they’ve become one of the top 20 largest health club operators in the country.

8-YEAR YEAR ROOF WARRANTY

• The subject property has been fully renovated from its previous use as a Safeway grocery store. The new build out features a state-of-the-art fitness facility and comes with 8 years remaining on a 10-year roof warranty.