EOS Fitness | 345 State Road 436
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EOS Fitness 345 State Road 436
43,033 SF Retail Building Casselberry, FL 32730 $12,300,000 ($286/SF) 6.50% Cap Rate
Investment Highlights
- MAJOR INTERSECTION. Subject is off of a hard corner that sees over 121,000 VPD.
- LIMITED GYM COMPETITION. No LA Fitness or Orangetheory Fitness within 3 miles.
- AFFLUENT POPULATION DENSITY. 5,600+ apartment units within 3 miles.
Executive Summary
STNL.com is pleased to present this 100% fee simple single-tenant EOS Fitness in Casselberry, FL which is part of the Orlando MSA. This 43,033/SF triple net property is conveniently situated amongst a plethora of economic anchors perhaps most notably being the property’s proximity to a major arterial thoroughfare that sees 121,000 VPD traveling within 0.3 miles of EOS Fitness. This intersection of US 17-92 and State Rd. 436 has led to many leading national retailers to take notice of its busy traffic counts. Just within 0.5 miles of the subject property you’ll find Floor & Décor, Lowe’s Home Improvement & a future BJ’s Wholesale Club. These retailers and EOS Fitness will be able to capitalize upon the desirable affluent consumer that resides in this area as just within 3 miles of the property, not only will you find over 5,600 apartment units but the average household income exceeds $96,000.00
The initial term on this single tenant offering is 15 years in length and runs through April of 2039. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. Through the balance of the lease the owner will enjoy a 7.18% blended CAP. This property can be acquired for $12,300,000.
The initial term on this single tenant offering is 15 years in length and runs through April of 2039. The lease also calls for ten percent (10%) rental increases every five years including through the option periods. Through the balance of the lease the owner will enjoy a 7.18% blended CAP. This property can be acquired for $12,300,000.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
43,033 SF
Building Class
B
Year Built/Renovated
1987/2023
Price
$12,300,000
Price Per SF
$286
Cap Rate
6.50%
NOI
$800,000
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Zoning
C-2, County - Commercial
Frontage
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 3-105 | 1,200 SF | Retail | In-Line | Now |
3-105
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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3-105
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Nearby Major Retailers
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EOS Fitness | 345 State Road 436
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