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Bilt Commercial

Regional Gym Anchored Center Repositioning/Value-Add Opportunity

Price
$15,800,000
Cap Rate
8.2%
Occupancy
99%
GLA
180,000 SF
Lot Size
17 AC
Year Built
1973

Investment Highlights

FITNESS-DRIVEN ANCHOR – Anchored by a top regional gym.

STABLE & SERVICE-ORIENTED TENANCY – Occupied by service-focused, internet-resistant tenants, with 83% of the space leased on a triple-net basis.

REPOSITIONING/VALUE-ADD OPPORTUNITY – Opportunity to enhance property value through modern upgrades, lease restructuring, attracting high-demand tenants, and increasing rents over time.

FUTURE DEVELOPMENT POTENTIAL – Potential for future development with available pad site opportunities.

SIGNIFICANT COST ADVANTAGE – Priced significantly below replacement cost.

HIGH-TRAFFIC & ACCESSIBLE LOCATION – Prime location between two signalized intersections, with 10 access points and over 127,000 vehicles passing daily.

EXCEPTIONAL EXPOSURE WITH EASY ACCESS – Boasting approximately 180 feet of frontage with dedicated turning lanes.

DENSE & AFFLUENT TRADE AREA – Highly populated area, with over 250K residents within a 5-mile radius and an average household income of over $59K.

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