Idaho Fitness Factory | STNL Investment | New 10yr Lease
12 unit operator | A+ Location | Brand New Construction | 3% Annual Bumps
Marketing description
Goldman Ryden is pleased to present the opportunity to acquire Idaho Fitness Factory, a brand-new, single-tenant net leased investment located on high-traffic Ten Mile Road in Meridian, Idaho, one of the fastest-growing cities in the U.S. The property features new construction and a 10-year corporateguaranteed lease with annual 3% increases, offering secure, longterm income. The Lease is Absolute NNN, with Zero Landlord Responsibilities. Strategically positioned in a dense residential area and surrounded by strong national retailers, the site benefits from excellent visibility, steady consumer demand, and durable market fundamentals. With strong corporate credit backing the lease, this asset provides a low-risk, passive investment in a rapidly expanding submarket.
Investment highlights
Highly desirable Single Tenant Net Leased Investment with extremely strong corporate guaranty.
Immensely successful business which continues to experience significant membership and sales growth.
Institutional quality credit.
Idaho Fitness Factory executed a brand new 10 year term which will commence in January of 2026.
Idaho Fitness Factory was founded in 2011 and has grown to 12 units spread across the Boise MSA.
Brand new state of the art construction.
Rare annual increases of 3% which will hedge against any inflation risk.
Set in one of the markets premier retail corridors. Meridian is one of the fastest growing cities in the country.
Huge traffic counts and population density surround the property.
Absolute NNN Lease structure with zero landlord responsibilities.
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