5501 Lyons Rd - Health Club FOR SALE


Coconut Creek, FL 33073- Winston Park
$14,385,250 USD
805-570-7430
5501 Lyons Rd, Coconut Creek, FL for Sale
$14,385,250 USD
Health Club - FOR SALE
1/7
null | 6.75% Cap Rate

5501 Lyons Rd
Coconut Creek, FL 33073
Winston Park


HIGHLIGHTS

  • Corporate-Backed Security
  • Strong Demographic Support
  • High Traffic Retail Corridor Location
  • Long-Term Lease w/ Built-In Rent Growth

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 41,000 square-foot LA Fitness located in Coconut Creek, Florida. The property is secured by an absolute net lease and offers investors secure, long-term income with over 10 years remaining on the initial term, extending through January 31, 2037. The lease features built-in rent increases every five years equal to the lesser of CPI or 12%, along with three additional five-year renewal options. The investment is further backed by Fitness International, LLC, the parent company of LA Fitness, which operates 728+ locations nationwide and maintains an S&P credit rating of B/Positive, providing additional security for investors. Strategically positioned along Lyons Road in a high-traffic retail corridor with over 120,000 vehicles per day, the property benefits from strong visibility and consistent consumer demand. The surrounding Coconut Creek submarket is supported by affluent demographics, including average household incomes exceeding $125,000, dense population, and strong retail spending fundamentals, making it well-suited for long-term fitness tenancy.

FOR SALE DETAILS

PRICE

$14,385,250 USD

PRICE/SF

$351 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness | Absolute NNN | 10+ Yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

290

LAND DETAILS

LAND ACRES

5.04 AC

LAND SF

219,542 SF

ZONING

B-3

APN/PARCEL ID

48-42-07-02-0094

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.