www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20588974
20588975

8438 Elk Grove Florin Rd, Elk Grove, CA 95624

MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$12,580,000
582 days on market
Updated 23 days ago

City Sports Club (LA Fitness Corporate) | Sacramento MSA

Details
Property Type Retail
Sub Type Fitness, Freestanding (+1)
Net Rentable (SqFt) 37,000
Cap Rate 6.25%
NOI $786,250
Occupancy 100%
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NN
Lease Term 15
Lease Expiration 03/29/2038
Remaining Term 13.2
Rent Bumps Yes
Lease Options (3) 5 Year
Broker Co-Op Yes
Year Built 2023
Buildings 1
Acreage 2.080
Parking Spaces spaces
Investment Type Core+
Ownership Fee Simple
Sale Condition For sale by owner

City Sports Club (LA Fitness Corporate) | Dense Sacramento County | 2023 Construction | 13.25+ Year

Marketing description

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) at the busiest intersection in South Sacramento California MSA. This 37,000-square-foot modern prototype facility offering 13.25 years of lease term extending through March 2038, backed by Fitness International, LLC— the largest non-franchised health club chain with 740+ locations in the US & Canada. Structured 8% or CPI rent increases every five years provides stable income growth and security.

Located in one of Sacramento’s most desirable communities Elk Grove, this property benefits from strong demographics, with an average household income of $116,085 within a one-mile radius and a population exceeding 127,000 within three miles. Positioned at the busiest retail intersection in Elk Grove and South Sacramento County, this City Sports Club enjoys combined traffic counts over 68,900 vehicles per day. Situated within the Calvine Pointe Shopping Center and surrounded by high-profile retailers, this property offers unparalleled visibility and accessibility in a thriving commercial hub. The adjacent Kohl’s is the only soft goods retailer in the region and is top ranked within the company further demonstrating the strong draw to this shopping center.

Investment highlights

  • New Long-Term Lease w/ Stable Rent Growth

  • Prime High-Traffic Elk Grove Retail Intersection

  • Wealthy, Growing Demographic Base

  • Tremendous Foot Traffic

Listing Contacts

MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$786,250.00
$65,520.83/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Tony Solomon
License
01238010
Brokerage
Marcus & Millichap
Title
Broker of Record
Brokerage Address
23975 Park Sorrento Suite 400 Calabasas, CA 91302
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591