LA Fitness - Hilliard

1800 Tanglewood Park Blvd Hilliard , OH 43026-8627

LA Fitness - Hilliard - Retail for sale

Download Offering Memorandum

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
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 7.7Yrs

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