1900 N Flamingo Rd - Health Club FOR SALE


Pembroke Pines, FL 33028- Pembroke Falls
$14,870,800 USD
805-570-7430
1900 N Flamingo Rd, Pembroke Pines, FL for Sale
$14,870,800 USD
Health Club - FOR SALE
1/8
null | 6.25% Cap Rate

1900 N Flamingo Rd
Pembroke Pines, FL 33028
Pembroke Falls


HIGHLIGHTS

  • STNL HEALTH CLUB PORTFOLIO: AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO
  • Strategic Flamingo Road Location
  • Strong Tenant Commitment
  • Positioned within Dominant Retail Corridor
  • Strong Consumer Spending Base

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant LA Fitness located in Pembroke Pines, Florida. The 40,040 SF fitness facility is leased to Fitness International, LLC, the parent company of LA Fitness, under a long-term absolute NNN lease with more than eight years of remaining term. The offering provides investors with stable, passive cash flow backed by one of the nation’s largest health club operators, featuring a 6.25% cap rate and contractual rent increases throughout the remaining lease term. Located along North Flamingo Road, which sees more than 40,000 vehicles per day, the property benefits from exceptional visibility within one of South Florida’s most established retail corridors. Pembroke Pines is home to more than 8 million square feet of retail space and generates approximately $4.8 billion in annual retail sales, supported by a dense residential population and strong consumer spending that drives long-term demand for retail and fitness uses.

FOR SALE DETAILS

PRICE

$14,870,800 USD

PRICE/SF

$371 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness | Pembroke Pines FL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

251

LAND DETAILS

LAND ACRES

5.25 AC

LAND SF

228,612 SF

ZONING

PUD

APN/PARCEL ID

51-40-10-02-4965

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.