Hydrogen Fitness | Greenwich, CT
Luxury Fitness Studio | 20 Yr NNN Sale-Leaseback | 2% Annual Increases | 1,300+ Members
Marketing description
CBRE is pleased to exclusively present for sale this Hydrogen Fitness gym located at 13 Riverdale Avenue in Port Chester, New York. The 31,416-square-foot facility is situated on the state line between Port Chester, NY, and Greenwich, CT—one of the most affluent and desirable markets in the New York Metro area. Positioned along Route 1, a major commercial corridor running parallel to I-95 (129,700 VPD), the property benefits from exceptional visibility and accessibility. The asset also offers ample parking with 81 total spaces, including 25 surface spaces and 56 garage spaces, providing a strong parking ratio of 2.58 spaces per 1,000 square feet.
At closing, Hydrogen Fitness will execute a brand-new 20-year NNN lease with the new owner, delivering long-term income stability. The lease includes 2% annual rental increases, ensuring steady revenue growth over time. Priced at $190 per square foot, the property is offered below market replacement cost, making it an attractive investment opportunity in a high-demand location.
Hydrogen Fitness is a luxury fitness concept catering to the high-income residents of Port Chester and Greenwich, where the average household income within one mile is $177,167. The facility supports a strong base of over 1,300 members and features a Hydro Bar serving smoothies, healthy meals, and beer and wine, along with a recovery lounge, golf and soccer simulators, a med spa, and 24/7 access. These premium amenities position Hydrogen Fitness as a best-in-class fitness destination with durable membership retention.
Operated by DJ Gym Port Chester LLC, Hydrogen Fitness is an established and growing brand known for its high-end facilities and exceptional cleanliness. With its prime location, affluent customer base, strong parking, and long-term lease structure, this offering represents a compelling opportunity to acquire a premier fitness asset in a top-tier market.
Investment highlights
Brand New 20-Year NNN Lease with ANNUAL INCREASES
At the close of escrow, the tenant will sign a brand new 20-year NNN lease, ensuring long-term stability. The lease includes 2% annual rental increases, providing consistent revenue growth for investors.
Large, Well-Priced Facility with an Established Membership Base
At 31,416 square feet, Hydrogen Fitness is a massive facility offering ample space for premium fitness equipment, group classes, and luxury amenities. The gym serves over 1,300 current members, demonstrating strong market acceptance and recurring demand. The property is priced below market value at just $190/SF, presenting a strong investment opportunity in a high-demand market.
Luxury Gym in a Wealthy Market
Hydrogen Fitness is tailored to the upscale clientele of Port Chester and Greenwich, offering a premium fitness experience with high-end amenities and valet parking. The affluent nature of the area supports strong membership retention and pricing power, making this an ideal location for a luxury gym. Within 1 mile of the property, the average household income is $151,669, further demonstrating the area's strong consumer spending power and demand for high-end fitness services.
Prime NYC MSA Location with Strong Demographics
Hydrogen Fitness is strategically located on the state line between Port Chester, NY, and Greenwich, CT, in an affluent area with exceptional demographics. The population within a 5-mile radius exceeds 141,000, with an average household income surpassing $285,000. The area also benefits from steady population growth, with projected annual increases of up to 0.4%.
High-Visibility, Well-Trafficked Location
The property sits on Route 1, a crucial commercial corridor connecting Port Chester and Greenwich, running parallel to I-95 (129,700 VPD). With traffic counts of 29,140 VPD on North Main Street and 14,271 VPD on Putnam Ave, the site benefits from strong visibility and accessibility.
Unmatched Amenities, Including On-Site Bar
Unlike traditional gyms, Hydrogen Fitness offers a range of high-end amenities, including a Hydro Bar serving fresh smoothies, healthy meals, and even beer and wine at the Greenwich location. Additional features include a recovery lounge, golf and soccer simulators, a med spa, valet parking, acupuncture, and 24/7 access, creating an unparalleled fitness experience.
Experienced Operator
Hydrogen Fitness is operated by DJ Gym Port Chester LLC, a growing fitness brand offering a luxury gym experience. The facility is designed to cater to high-end clientele with state-of-the-art equipment, premium amenities, and a strong reputation for cleanliness and service. Over $1 million has been invested into renovating the gym to create a top-tier fitness environment that meets the needs of its affluent members.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
