LA Fitness | Pembroke Pines FL | Absolute NNN Lease |… — Sale in Pembroke Pines, FL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Pembroke Pines, FL 33028

Photos

LA Fitness | Pembroke Pines FL | Absolute NNN Lease |… — Sale in Pembroke Pines, FL, photo 1 of 5
LA Fitness | Pembroke Pines FL | Absolute NNN Lease |… — Sale in Pembroke Pines, FL, photo 2 of 5
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LA Fitness | Pembroke Pines FL | Absolute NNN Lease |… — Sale in Pembroke Pines, FL, photo 5 of 5

Investment Figures

Cap rate
6.25%

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 single-tenant LA Fitness located in Pembroke Pines, Florida. The 40,040 SF fitness facility is leased to Fitness International, LLC, the parent company of LA Fitness, under a long-term absolute NNN lease with more than eight years of remaining term. The offering provides investors with stable, passive cash flow backed by one of the nation’s largest health club operators, featuring a 6.25% cap rate and contractual rent increases throughout the remaining lease term. Located along North Flamingo Road, which sees more than 40,000 vehicles per day, the property benefits from exceptional visibility within one of South Florida’s most established retail corridors. Pembroke Pines is home to more than 8 million square feet of retail space and generates approximately $4.8 billion in annual retail sales, supported by a dense residential population and strong consumer spending that drives long-term demand for retail and fitness uses. Investment Highlights: • Strategic Flamingo Road Location • Strong Tenant Commitment • Positioned within Dominant Retail Corridor • Strong Consumer Spending Base

Market Context

This retail in Pembroke Pines, FL is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Pembroke Pines, FL — view the full market.

Estimated Price per SF

$172.06/SF – $1,251/SF

Mid: $521.40/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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