Description
Brand New 15-Year Lease | Corporate Signed Lease | Scheduled Rental Increases | Growing Fitness Operator
• Brand new 15-year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site
• Corporate signed lease by EoS Fitness OPCO Holdings, LLC
• Lease features 10% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation
• EoS Fitness is a rapidly growing high value low price (HVLP) fitness gym chain currently operating over 100 locations in Arizona, Nevada, Southern California, Florida, and Utah
NNN Lease | Limited Landlord Responsibilities | Fee Simple Ownership | No State Income Tax
• NNN Lease: Tenant reimbureses for taxes, insurance, and CAM
• Landlord responsibilities limited to roof, structure, and CAM maintenance, however Tenant reimburses for CAM as additional rent each month
• Landlord is responsible for reconciling CAM charges with the Tenant at the end of each year
• Investor benefits from fee-simple ownership of the building and land
• Ideal, low-management investment for a passive investor in a state with no state income tax
Brand New Construction | Excellent Visibility & Access
• Brand new construction which includes high quality materials, distinct design elements, and state-of-the-art fitness features
• The asset benefits from multiple points of access and visibility via Gornto Lake Road and Bloomingdale Avenue