5245 Westview Dr

Capital Investment, LLC is delighted to represent the property ownership in the marketing of 5245 Westview Drive, Frederick,
Maryland for sale. This 23,011 SF building, situated on 2.89 acres, is under a NNN lease to GBG, Inc., a 29-unit Gold’s Gym operator in DC, MD, and VA. The lease benefits from the guarantee of Gold’s Gym International, Inc., recently acquired by RSG Group GmbH, the world’s largest gym operator. RSG Group GmbH invests globally in fitness brands, holding ownership of 18 brands across 48 countries. This gym facility has been in operation since 1999. 7 years are remaining on their current lease with annual escalations of 2.5% following two Five-year renewal options.
The property features a versatile layout, including 5,000 SF with 27’ clear heights for a basketball court and 18,000 SF with 14’ clear heights for the rest of the gym. The 145 parking spaces offer a parking ratio of 6.00/1,000 SF. With a low 0.18 lot coverage, there’s potential for future expansion.
Direct visibility from I-270 and Buckeystown Pike, coupled with proximity to major employers and amenities, makes this property strategically located. Frederick, one of Maryland’s fastest-growing cities, projects a population growth of 8.31% over the next 5 years within a 3-mile radius.
In summary, this investment promises above- average returns in a high-profile location, minimal management requirements, annual rent escalations, and various future options due to the extensive land area.