345 E Semoran Blvd - Health Club FOR SALE


Casselberry, FL 32730
$11,429,000 USD
480-221-4221
345 E Semoran Blvd, Casselberry, FL for Sale
$11,429,000 USD
Health Club - FOR SALE
1/11
null | 7% Cap Rate

345 E Semoran Blvd
Casselberry, FL 32730


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases | Growing Brand | Extensive Renovation
  • NNN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | AdventHealth Altamonte Springs | Nearby Schools & Apartments
  • Near Flyover Intersection | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, EOS Fitness investment property located in Fern Park, Florida. The tenant currently has 13+ years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NNN with landlord responsibilities limited to roof and structure making it an ideal, low-management investment opportunity for a passive investor. With more than 175 gym locations open and on the way in Arizona, Florida, Georgia, Nevada, Southern California, Texas and Utah, EOS Fitness is rapidly expanding.

FOR SALE DETAILS

PRICE

$11,429,000 USD

PRICE/SF

$266 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EoS Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

495

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

GC

APN/PARCEL ID

17-21-30-538-0000-0020

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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