|Gross Leasable Area (GLA)||7,144 Sq.Ft.|
|Price Per Square Foot (GLA)||$244|
|Lot Size||0.33 Acres|
Marcus & Millichap is pleased to exclusively offer for sale Anytime Fitness, a 7,144-square foot freestanding fitness center. Anytime Fitness is located in Tampa, FL and is part of the Tampa Bay MSA.
Anytime Fitness has 5.5 years remaining on the base term of the lease with one 5-year option to renew. There are three percent annual rent increases throughout the initial term. This rate schedule provides a new investor with a blended average unleveraged return of 8 percent on the base term of the lease. The tenant has occupied the property for more than 10 years, and recently signed a 5-year lease extension, showing their commitment to this location.
First Vice President Investments