1450 Broadway, Saugus, MA 01906

SITE COMMITMENT & LEASE TERM: LA Fitness has occupied the Property since its construction in 2008 (17 years), and recently exercised their first five-year renewal option, demonstrating their commitment to the site and the market. Currently, there are over three years of term remaining on the lease followed by two (2) 5-year renewal options.

ATTRACTIVE RENT INCREASES: The lease calls for attractive rent increases at the start of each renewal option. The increases shall be the lesser of 10% or the 5-year cumulative change in CPI, providing a steady increase in income and an attractive hedge against inflation.

ZERO MANAGEMENT RESPONSIBILITIES: The LA Fitness lease is Absolute NNN and requires zero management responsibilities, making it an attractive investment for the passive real estate investor.

CORPORATE GUARANTOR: Backed by Fitness International LLC, with 728+ Locations and S&P “B / Stable” Rating. S&P upgraded LA Fitness parent company Fitness International LLC to "B" to reflect the company’s healthy revenue and debt structure.

OUTSTANDING LOCATION: LA Fitness is prominently located at 1450 Broadway (MA-99) just off of Route 1, one of the most heavily traveled commercial corridors in the Greater Boston region. The Property benefits from excellent visibility and access at the Route 1 exit, offering close proximity to a major retail trade area lined with national brands, restaurants, and entertainment venues. Situated within a dense retail corridor that includes a Walmart Supercenter, Stop & Shop, the Square One Mall, Home Depot, Target, and Trader Joe’s, the Property attracts consistent traffic throughout the day. LA Fitness is convenient to Interstate 95, which intersects with Route 1 to the north, and provides direct regional access. The site is approximately 7 miles north of downtown Boston, making it a convenient destination for both commuters and local residents in the highly populated North Shore area.

AREA DEVELOPMENT: Over the last several years Saugus has seen a significant increase in new development and redevelopment along the Broadway (US Route 1) corridor. These projects include Essex Landing, a mixed-use community that features more than 250 residential units and a retail component, Avalon Saugus, a distinctive 280-unit apartment community that features 20,000 square feet of retail space, and Collins Place, a $250 million mixed-use development featuring two hotels, three apartment buildings, and two restaurants.

TRADE AREA: National retailers driving traffic to Route 1 trade area include Lowe’s, Walmart Supercenter, Home Depot, Stop & Shop, Macy’s, Best Buy, Dick’s Sporting Goods, Target, Ocean State Job Lot, DSW, Savers, Walgreens, CVS, JOANN, Buffalo Wild Wings, Floor & Decor, Five Guys, Hooters, McDonald’s, AutoZone, Staples, Mavis, Chipotle, Dollar Tree, Marshalls, HomeGoods, Sally Beauty, Panera, Foot Locker, FedEx, Burger King, Ethan Allen, Harbor Freight, Starbucks, Dave’s Hot Chicken, Raising Cane’s, Five Below, and many others.

STRONG DEMOGRAPHICS: Over 192,500 people live within a 3-mile radius of the Property with an average household income of over $126,316. More than 476,800 people live within 5 miles of the Property with an average household income of $125,209. Additionally, there are more than 149,700 employees within 5 miles of the Property.

HIGH TRAFFIC COUNTS: On average more than 29,200 vehicles pass the Property each day along Broadway; additionally, more than 91,400 vehicles per day pass by along US Route 1.