VASA Fitness | Salt Lake City MSA 2642 N 2000 W 50,032 SF Retail Building Clinton, UT 84015 $10,998,600 ($219.83/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

Top Gym Location in Utah & U.S.
Major Retail Corridor

#1 VASA Fitness within 15-Miles
Easy Access to-and-from Salt Lake City

EXECUTIVE SUMMARY

The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase a build-to-suit single-tenant VASA Fitness in their top performing MSA – Salt Lake City. The offering features 8 years of term remaining and 10% increases every 5 years throughout the initial term and in each of the renewal options. VASA Clinton is prominently located in a grocery anchored shopping center just off N 2000 West, with daily traffic counts exceeding 21,158. This property is ranked #2 most-visited gym out of 49 fitness locations within a 15-mile radius, according to Placer.ai foot traffic. It ranks in the top 1% of gyms nationwide among nearly 32,200 gyms for highest customer traffic, reaffirming its prime location and strong market presence.
Just north of downtown Salt Lake City and the Salt Lake International Airport, Clinton has high barriers-to-entry and is perfectly situated to take advantage of future growth and density. The Salt Lake City MSA is experiencing rapid population and employment growth, with a favorable business environment combined with a healthy and safe quality of life. The three-mile demographics surrounding VASA Fitness boast a population of over 95K and $81K+ average household income.

Offering Memorandum

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Health Club

Building Size

50,032 SF

Building Class

Year Built

2018

Price

$10,998,600

Price Per SF

$219.83

Cap Rate

NOI

$769,907

Tenancy

Single

Building Height

1 Story

Building FAR

0.30

Lot Size

3.86 AC

Zoning

R-1-15 - Commercial

Parking

361 Spaces (7.22 Spaces per 1,000 SF Leased)

Frontage

333’ on West 6000 South

Air Conditioning

Arts, Entertainment, and Recreation
99,999 SF
$9.99
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VASA was built on making people healthier and happier through fitness. They know gyms can be intimidating, but when people walk through their doors, they won’t find any one stereotype here. They are the gym where everyone belongs. They go out of their way to provide a supportive environment where people can try new things, meet new people, and build a community. They welcome members of all shapes, sizes, and fitness levels. They inclusive, non-judgmental atmosphere has helped them expand to states and become one of the top largest health club operators in the country. They meet their members where they are in their fitness journeys and provide the equipment, classes, Coaches, and resources they need to reach their goals.