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

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.

KEYBANK ATM

• This investment opportunity has a KeyBank ATM pad site attached to the parcel that is roughly .46 acres and bringing in an annual additional $26,400 NOI.

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.