LA Fitness Elevate Sale-Leaseback | Atlanta | Absolute NNN
Pure NNN Sale-Leaseback, #1 Health Club Operator
Investment highlights
• Sale-Leaseback: Single-Tenant LA Fitness ELEVATE
∘ Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
∘ Rare, Absolute NNN Lease. No landlord responsibilities.
∘ 15-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 ELEVATE Conversion: Tenant investing $3,000,000+ into upgrades to the Premises.
LA Fitness Elevate is a premium evolution of the traditional LA Fitness club - combining modern
training, recovery, wellness, and elevated design into one healthclub experience.
• Below-Market Rent: In-place rent of ~$21/SF is below both replacement cost and market
comps, creating strong replacement value
• Future Co-Anchor with Sprouts Farmers Market: Adjacent to a brand-new Sprouts Farmers
Market (under construction) and 9k SF of retail shops (projected to open in September),
which will drive increased daily-needs traffic and enhance overall retail synergy
• Prime Position Along Major Retail Corridor: Located in the center of the primary retail
thoroughfare in the trade area, with top national anchors nearby including Target, Publix, Ross,
Walmart Supercenter, Home Depot, Lowe’s, Kroger, Burlington, PetSmart, and Hobby Lobby.
Brand-new Chick-fil-A and Raising Cane’s are located one intersection north.
• High-Visibility, High-Traffic Location: Positioned at a signalized intersection along McDonough
Hwy with over 40,000+ vehicles per day, offering excellent exposure and convenient accessibility
LA Fitness, Club Studio, Crunch Fitness, Planet Fitness, Gold's Gym, EOS Fitness, VASA Fitness, Lifetime, Equinox
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