LA Fitness (City Sports Club) | New 2023 Construction… — Sale in Elk Grove, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Elk Grove, CA 95624
Photos
Investment Figures
- Cap rate
- 6.75%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) in Elk Grove, California. Completed in 2023, the 37,000-square-foot facility is leased to Fitness International, LLC, the parent company of LA Fitness and City Sports Club, one of North America’s largest health club operators with over 600 locations. The investment offers 11+ years of remaining lease term through March 2038, three (3) five-year renewal options, and rental increases of the lesser of 8% or CPI every five years, providing long-term income security and inflation protection. The property has demonstrated exceptional operational performance, generating more than 543,800 annual visits and averaging over 1,400 daily check-ins, according to Placer.ai. Located within the Calvine Pointe Shopping Center, the property occupies a highly visible corner at Elk Grove’s busiest retail intersection, benefiting from over 68,900 vehicles per day and adjacency to numerous national retailers. Elk Grove is one of the Sacramento region’s most affluent and rapidly growing communities, with more than 131,000 residents within three miles and average household income exceeding $125,000 within one mile. The newly constructed asset combines strong underlying real estate fundamentals with a corporate-backed tenant, making it a compelling net lease investment opportunity. Investment Highlights: • Corporate-Backed Security • Long-Term Lease • High-Visibility Corner Location • Dense & Affluent Trade Area
Market Context
This retail in Elk Grove, CA is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Elk Grove, CA — view the full market.
As of Q2 2026, the Sacramento retail market showed a 5.9% vacancy rate, and average asking rents near $18.36/SF/yr. Source: multiple brokerage reports, Q2 2026.
Tight vacancy keeps competition for quality space elevated.
Retail market FAQ
- Is the Sacramento retail market tightening or softening?
- Vacancy is around 5.9% (Q2 2026).
Contact
- Mark Thiel · (858) 373-3206 · mark.thiel@marcusmillichap.com
- Jake Bordelon · (858) 373-3133 · jake.bordelon@marcusmillichap.com
- Chad O'Connor · (858) 373-3146 · chad.oconnor@marcusmillichap.com
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