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2890 Providence Lakes BlvdBrandon, FL 33511
LA Fitness, Tampa MSA
Asset ClassRetail
MSATampa
Cap Rate: 7%Square Feet: 45,000Access Data Room
LA Fitness | Tampa MSA | Rare NNN Lease | Adjacent to Costco
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present this excellent opportunity to purchase a fee-simple Esporta Fitness in Brandon, FL. The tenant executed an early 15 Year lease extension and underwent a substantial remodel in 2017. This freestanding prototype facility on its own 4.20 Acre parcel features a rare NNN lease with structured increases through the initial term and at each option to renew. The property is adjacent to Costco and has 4,931+ apartments nearby. Located just off Interstate 75 and Causeway Blvd, with over 142,643+ combined traffic counts and excellent access to Tampa, FL. Situated only 19 miles from Tampa International Airport, welcoming over 22 million travelers annually, and ranking top 3 U.S. airport. Tampa is a top tourist destination with domestic and international visitors drawn to warm blue beaches and nearly 70 miles of barriers islands, in addition to attractions such as Walt Disney World.

 

Ryan Nee

Florida Broker of Record

5900 N Andrews Ave., Ste. 100

Fort Lauderdale, FL 33309

P: (954) 245-3400

Lic #: BK3154667

Ryan.nee@marcusmillichap.com

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Investment Highlights

  • Strong Commitment to Site
  • Irreplaceable Location
  • Top Performing Health Club Chain
  • Major Recapitalization – Moody’s 06/01/21
  • Income Tax-Free State

Investment Overview

Deal Points
Price
$13,384,285
Cap Rate
7.00%
NOI
$936,900
GLA
45,000 SF
Lot Size
4.20 AC
Year Built
2006 / 2017
Lease Type
NNN
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2890 Providence Lakes BlvdBrandon, FL 33511
Walt Disney World
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Listing provided by Revere CRE