42900 Jackson St
Indio, CA 92203

The NKF Capital Markets and Marcus & Millichap teams are pleased to present the opportunity to acquire an excellent single tenant NNN asset located in one of the most dominant shopping centers in the Coachella Valley. The subject property features a seasoned 36,612 square foot 24 Hour Fitness located at the Jackson Street on/off ramp to I-10 Freeway in the City of Indio. The building is located within the Indio Towne Center, a 600,000 square foot regional shopping center anchored by Home Depot, Winco, CVS, Party City, Marshalls, and Burlington Coat Factory. A final phase of the center is under development, and will be comprised of an additional 100,000 square feet of soft goods anchor tenants including Burlington Coat Factory (40,000 sf), and Marshalls (22,000 sf) scheduled to open in Spring 2019. Winco operates their only store in the Coachella Valley at this location enhancing the daily needs draw to the project. 24 Hour Fitness has been operating this club since 2008, and recently extended their term to 10/31/2033 with 10% increases every five years, demonstrating their long term commitment to this location. This location is one of the only full service health clubs servicing the Coachella Valley with a population base in excess of 500,000 residents. The success of the club can be attributed in great part to the regionally accessible location and identity along the I-10 Freeway, as well as the excellent demographic characteristics of the primary trade area. There are over 140,000 residents with average household incomes in excess of $84,000 per year within a five-mile radius of the club. In addition, Indio is home to the region’s largest full time population base with over 90,000 permanent residents. The 24 Hour Fitness in Indio is an ideal property for 1031 exchange buyers or private investors looking for credit, stability, strong yield, limited management, and predictable income growth. In addition, the tenant has a strong history of success at this location, and the addition of new tenants such as Burlington Coat Factory and Marshalls to the center make the opportunity even more appealing.