LA Fitness - Hilliard

1800 Tanglewood Park Blvd Hilliard , OH 43026-8627

LA Fitness - Hilliard - retail for sale

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Overview



LA Fitness in a well-tenanted shopping center for sale, located in Hillard, Ohio. Set in a dense retail corridor and adjacent to Sam’s Club. Area has a dense population base, making it an excellent investment opportunity.

Investment highlights


  • Long-term net lease with strong corporate guarantee by Fitness International, LLC 
  • Asset will provide attractive cash flow
  • Nationally recognized tenant
General
Property type Retail
Tenure type Sale/Purchase
Property address 1800 Tanglewood Park Blvd, Hilliard, OH 43026-8627
Market Columbus
Land in acres 3.41
Building size 54,261  ft2
Year built 2007
Financial
Price $18,238,000
Cap rate 7.20%
Current NOI $1,313,116.00
Lease
Tenant's name L A Fitness LLC
Guarantor FITNESS INTERNATIONAL, LLC
Credit rating (S&P) B+
Guarantor credit rating (S&P) B+
Lease type NN
Lease expiration date 04/30/2027
Remaining term 7.6Yrs

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