Lowest Cap Rate
6.00%
Lowest Cap Rate over past 24 months
Average Cap Rate
7.55%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
7.31%
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. Currently, LA Fitness has 700 fitness clubs across the United States and in Canada. In these clubs, LA Fitness gives its members access to a full gym and pools and sauna amenities. LA 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. In 2020, LA Fitness began rebranding some of its locations as Esporta Fitness.
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
6.97
6.73
8.09
N/A
6.99
*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
South Windsor, CT7.27%
Countryside, IL7.31%
Secaucus, NJ7.00%
Top Consumer Traffic
Valencia, CA1,100,000
Irvine, CA1,000,000
New Rochelle, NY900,800
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
