3437 Arlington Ave - Health Club FOR SALE


Riverside, CA 92506- Victoria
$17,886,317 USD
805-570-7430
3437 Arlington Ave, Riverside, CA for Sale
$17,886,317 USD
Health Club - FOR SALE
1/11
null | 6.87% Cap Rate

3437 Arlington Ave
Riverside, CA 92506
Victoria


HIGHLIGHTS

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

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.

FOR SALE DETAILS

PRICE

$17,886,317 USD

PRICE/SF

$360 USD /SF

CAP RATE

6.87%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

253

LAND DETAILS

LAND ACRES

3.71 AC

LAND SF

161,608 SF

ZONING

CG

APN/PARCEL ID

225-350-075

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 Policy.