LA Fitness Sale-Leaseback - Montebello, CA
Rare, Los Angeles LA Fitness Sale-Leaseback | Absolute NNN
Marketing description
Tenant Reinvestment: Tenant reinvested $1,500,000 into upgrades to the Premises; renovation completed in May 2026
Irreplaceable Infill Location: Generational real estate in a highly dense, supply-constrained Los Angeles submarket with virtually no competing large-box availability.
Significantly Below-Market Rent: In-place rent of ~$15/SF is well below both replacement cost and market comps, with comparable box/retail space achieving ~2.0x higher rents, creating very strong replacement value.
Positioning in Dominant Retail Corridor: LA Fitness anchors Beverly Wilcox Village, a high-performing daily needs shopping center located in the center of the trade area, surrounded by national grocers, including Vons, Albertsons, Superior Grocers and El Super.
High-Visibility, High-Traffic Location: Positioned at the hard corner of Beverly Blvd and Wilcox Ave, with over 45,000+ vehicles per day, offering excellent exposure and accessibility
Limited Competition: No like-kind fitness competitors within a 3-mile radius, coupled with very high barriers to entry
Surrounded by residential & multi-family developments: Lennar Metro Heights - Luxury, gated community & master-plan featuring hundreds of new homes upon full buildout
112 S 6th St - $46M+ residential development under construction
Strong Demographic Profile: Affluent, densely populated trade area with $107K+ average household incomes and 640,000+ residents within a 5-mile radius, supporting sustained demand for a high-volume LA Fitness location
Los Angeles - Long Beach - Anaheim, CA MSA: Population of 12.8MM+: #1 largest metropolitan area in California #2 largest in the United States
90-min drive to Los Angeles International Airport: 77M+ annual passengers #5 busiest airport in the United States & #1 in the California
Investment highlights
LINK TO OFFERING MEMORANDUM: https://realsource.com/la-fitness-sale-leaseback-montebello-ca/
Sale-Leaseback: Single-Tenant LA Fitness
Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
Rare, Absolute Lease. No landlord responsibilities.
20-year Primary Term, plus three (3), 5-year Options
8% Rent Increases every 5 years, including Options
About Fitness International, LLC [LA Fitness Parent Company]:
Parent Company to Club Studio and LA Fitness
(+) 660 open and operating full-service health clubs across North America, and expanding
#1 largest health club operator in North America by revenue
$2.2B Estimated Annual Revenue
Founded in 1984, with over 40 Years of Operational Experience
Strategic growth initiative focused on adding hundreds of new Club Studio locations nationwide over the next five years
LA Fitness, Club Studio, Crunch Fitness, Planet Fitness, Gold's Gym, EOS Fitness
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