Lowest Cap Rate
6.30%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.94%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
8.35%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
LA Fitness is a leader in the health fitness industry. LA Fitness (or its newest concept, Club Studio Fitness) is usually the anchor tenant in busy shopping centers driving business to that specific location. LA Fitness generally offers a long lease term of around 15 years with a rent escalation of 10% every 5 years. The average square footage of these locations is anywhere from 35,000-45,000 square feet.
Property & Lease
Sales Price Range$10,000,000 - $15,000,000
NOI Range$700,000 - $900,000
Building SF35,000 - 45,000
Lease Term15 Years
Escalations10% Every 5 Years
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
7.34
7.01
8.37
8.47
N/A
8.21
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Riverside, CA7.43%
Walnut, CA10.23%
McKinney, TX8.35%
Top Consumer Traffic
Irvine, CA1,200,000
Valencia, CA1,000,000
Garden City, NY999,999
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
