LA Fitness - Hilliard

1800 Tanglewood Park Blvd Hilliard , OH 43026-8627

LA Fitness - Hilliard - Retail for sale

Download Offering Memorandum

Overview


JLL is pleased to offer for sale 1800 Tanglewood Park Boulevard, located in Hilliard, Ohio. The Property is leased to Fitness & Sports Clubs, LLC on a long term, net-lease basis with strong corporate parent guarantee provided by Fitness International, LLC, d/b/a LA Fitness. The Asset is strategically positioned within a well-tenanted shopping center in the midst of a dense retail corridor and adjacent to Sams Club. This opportunity provides an attractive cash flow with a nationally recognized tenant that is the market leader within its competitive industry peer group. The combination of salient features, including desirable retail location, national tenancy, long-term lease structure, and dense population base, makes this investment an excellent opportunity to acquire one of the most desirable net lease investments available in the market.

Investment Highlights


Location within Dense Retail Corridor
Desirable Lease Structure and Parent Guarantee
Leading Fitness Operator
Dense Surrounding Population Base
Pro-Business Metropolitan Market
Primary Health Club to Local Residents
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 1800 Tanglewood Park Blvd, Hilliard, OH 43026-8627
Land In Acres 3.41
Building Size 54,261  ft2
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 7.9Yrs

Other properties you may be interested in

  • Identity Group - Net Lease Industrial Portfolio, JLL PowerSearch
    Identity Group - Net Lease Industrial Portfolio
    Various - See Om For Details, TN
    Type(s):     Industrial
    Deal Type(s):     Sale / Purchase
    Price ($USD):     8,000,000
    Space Available:     200,749 ft2
  • Bob's Discount Furniture - Stoughton, MA, Stoughton, JLL PowerSearch
    Bob's Discount Furniture - Stoughton, MA
    601 Technology Center DrStoughton, MA 02072-4719
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     9,390,000
    Space Available:     34,136 ft2
  • Walgreens - East Providence, East Providence, JLL PowerSearch
    Walgreens - East Providence
    600 Warren AveEast Providence, RI 02914-2808
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     3,790,850
    Space Available:     16,657 ft2
  • Walgreens - Burlington, VT, Burlington, JLL PowerSearch
    Walgreens - Burlington, VT
    514 Farrell StBurlington, VT 05401-6907
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     11,000,000
    Space Available:     22,527 ft2
  • Ashley HomeStore - Leasehold, Norwalk, JLL PowerSearch
    Ashley HomeStore - Leasehold
    51 Richards AveNorwalk, CT 06854-2309
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     Contact Us
    Space Available:     24,041 ft2
  • Walgreens, Roselle, JLL PowerSearch
    Walgreens
    120 E 1st AveRoselle, NJ 07203-1210
    Type(s):     Retail
    Deal Type(s):     Sale / Purchase
    Price ($USD):     7,167,000
    Space Available:     12,975 ft2