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3437 Arlington AveRiverside, CA 92506
LA Fitness, Riverside, CA
Asset ClassRetail
Long Term Corporate Lease | Top Performing Location | S&P ‘B/Stable' Tenant
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 49,661 square-foot LA Fitness located in Riverside, CA. Renovated in 2013, this top-performing location ranks as the #1 LA Fitness within 15 miles and in the top 3% of all fitness centers nationwide according to Placer.ai. The corporately guaranteed NN lease has approximately 5.5 years remaining on the initial term, with three 5-year renewal options and 10% rent increases every five years. The property offers exceptional visibility along the Riverside Freeway (CA-91), which sees 182,800 vehicles per day, and is situated within a prime retail corridor anchored by Target, Nordstrom Rack, Trader Joe’s, and more. The surrounding 3-mile area is home to over 114,000 residents with an average household income exceeding $100,000.

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Investment Highlights

  • Corporate-Backed Security
  • Long Term Corporate Lease | Recent Extension
  • Top Performing Location
  • Strong Retail Corridor & Demographics

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$17,565,600
CAP RATE
7.00%
NOI
$1,229,592
GLA
49,661 SF
YEAR BUILT
2010/2013
LOT SIZE
3.71 AC
LEASE TYPE
NN
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3437 Arlington AveRiverside, CA 92506

INVESTMENT CONTACTS

Tony SolomonBroker of Record

License #: 01238010

tony.solomon@marcusmillichap.com
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Listing provided by Revere CRE