4175 W 76th St
Edina, MN 55435

LONG TERM LEASE WITH RENT INCREASES-LA Fitness recently signed a new 12 year lease providing long-term cash flow with rent increases in 2023 and 2028. PRIME SUBMARKET LOCATION- Located in Edina, Minnesota just off of the France Avenue corridor and just north of I-494, the location is one of Minnesota’s top retail destinations. The Edina France Corridor continues to see significant development across all product categories, including retail, multifamily, senior living, medical, and office buildings. Land is scarce along this corridor and rents along France Avenue are among the highest in the state. DAYTIME POPULATION- I-494 has the largest concentration of jobs outside of downtown Minneapolis, and LA Fitness is positioned with easy access just off of the interstate. This location acts as a fitness amenity to over 100,000 workers along this corridor. TOP TIER DEMOGRAPHICS-Despite the area’s dense population of over 104,000 residents within the 3 mile radius, the Edina area continues to grow, with 1,618 new multi-family units recently developed, under construction or planned in the Southdale and Normandale Lakes neighborhoods. Edina is a destination for wealthy families as the average household income is over $105,606 within 5 miles and is located in one of the best school districts in the state. NATIONALLY RECOGNIZED BRAND- With over 800 locations nationwide, LA Fitness has a presence in most major markets across the United States. The business model is proven to endure. LA Fitness has 16 locations within Minneapolis-St. Paul metro. Such market coverage has created strong brand loyalty from its members. MINIMAL LANDLORD OBLIGATION- The only obligation of the landlord is the building structure. All other costs are paid by LA Fitness. LA Fitness is currently doing over $500,000 of upgrades to the property in 2018. REGIONAL RETAIL TRADE AREA- All major retail brands are present in the trade area including: Target, Cub Foods, Dick’s Sporting Goods, Whole Foods, Trader Joe’s, Marshall’s, Total Wine, The Container Store,Pinstripes, Herberger’s, and AMC Theater to name a few.