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Fuel Fitness | Absolute Net Lease 1305 US Highway 2 W

14,000 SF Retail Building Kalispell, MT 59901 $3,582,222 ($256/SF) 6.75% Cap Rate

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Investment Highlights

8.2-Year Long Term Lease / Absolute Net Lease
High-Quality 2016 Construction
Strong Fitness Segment Growth

6.92% Cap Rate in 2026 / Personal Guarantee
1+ Acre Development Site / High-Traffic Retail Location with Excellent Visibility
Affluent, High Population Growth Market

Executive Summary

Marcus & Millichap's Brown Retail Group has been elected to exclusively market for sale Fuel Fitness, a long-term, 8-year Absolute Net leased fitness center in Kalispell, MT. The 8-year Absolute Net lease allows investors with secure passive income and zero landlord management or repair responsibilities. The Property was a build-to-suit for Fuel in 2016 and features high-quality finishes both on the exterior and interior. The Property features over an acre of developable land with an estimated value of $250,000, providing an investor with a value-add opportunity. The Property benefits from being located directly on US Highway 2 (16,000+ VPD) and just off of US Highway 93 (21,000+ VPD). Within a 5-mile radius, the population has grown nearly 24% since 2010 and is projected to increase by another 6% in the next 5 years, with average household incomes exceeding $72,000. Within a 1-mile radius, the population has grown by more than 26% since 2010.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Health Club

Building Size

14,000 SF

Building Class

Year Built

2016

Price

$3,582,222

Price Per SF

$256

Cap Rate

6.75%

NOI

$241,800

Tenancy

Single

Building Height

1 Story

Building FAR

0.10

Lot Size

3.11 AC

MAJOR TENANTS

Arts, Entertainment, and Recreation
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Aug 2032

Fuel is the largest locally-owned fitness chain in Montana. From the outset, they’ve been deeply connected to their community, focusing on team and togetherness in and outside the club. Fuel was born out of a desire to get Montana moving and build a strong, healthy fitness community. They pride themselves in being able to provide the very best service in state-of-the-art facilities to create a fitness experience like no other.