Listings / LA FITNESS

LA FITNESS 471 Prospect Avenue, West Orange, NJ 07052

Price $19,280,000

Cap Rate 7.00%

Leasable Area 48,000 SF

Term Remaining 12.75 YRS

Year Built 2016

Occupancy 100%

Status available

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Broker of Record
Ray Smith
License No. 7868129 (NJ)
Stafford Smith Realty
630 Broad Street, Shrewsbury, NJ 07702
(732) 747-1000

THE OFFERING

LA Fitness at Essex Green Town Center is a newly constructed 48,200 square foot LA Fitness on Rooney Road in West Orange (Essex County), New Jersey. LA Fitness occupies the entire property under a 15-year lease with four, 5-year options and 10% rent increases every 5 years. The lease is 100% guaranteed by Fitness International, LLC, the corporate parent of LA Fitness. West Orange is a densely populated commuting suburb in the New York Metropolitan area located approximately 12 miles from Manhattan via the Lincoln Tunnel and New Jersey Transit’s Midtown Direct rail service. The property is adjacent to Essex Green Town Center, strategically located at the intersection of Prospect Avenue and Interstate 280, the main highway connecting the property with New York City, Newark Airport, I-80, Garden State Parkway, and the New Jersey Turnpike.

INVESTMENT HIGHLIGHTS