FIIT Nation Flagstaff

4800 N. Hwy 89, Flagstaff, AZ 86004

— For Sale —

List Price$2.50MM

Size +/- 6,000 SF

Cap Rate 6.0%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a single-tenant, net-leased FIIT Nation gym located in Flagstaff, AZ. The property is adjacent to Hobby Lobby and located within the only regional mall serving Flagstaff. The asset consists of a +/- 6,000 SF building that was recently renovated and benefits from a new 15-year absolute NNN lease with 10% increases every 5 years. The site benefits from unparalleled visibility at the intersection of Highway 89 and E. Marketplace Dr. with +/- 47,825 CPD and is considered the strongest thoroughfare to local ski resorts and attractions. The asset is also located just off of Highway 40 (+/- 45,637 CPD) – the primary transportation corridor of Flagstaff.

FIIT Nation is an exciting and revolutionary group fitness concept that delivers best-in-class personalized fitness with 6 locations throughout the western US and plans for additional growth. The property services +/- 91,112 residents, with an annual household income of +/- $85,770 within a 10-mile radius and resides in the most dynamic submarket of Flagstaff with nearby national retailers such as Hobby Lobby, Harkins Theatres, Dillard’s, JCPenney, Panda Express, Wendy’s and Office Max.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
More Info