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Crunch Fitness | Brand New 20-Yr Deal 4681 Hypoluxo Rd 35,000 SF Retail Building Lake Worth, FL 33463 $21,039,307 CAD ($601.12 CAD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 20-Year Deal | Scheduled Rental Increases | Just Opened | Established Franchisee (70+ Units)
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Near Signalized, Hard Corner Intersection | Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Apartments
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Crunch Fitness investment property located in Lake Worth Beach, Florida. The tenant, Crunch Fitness, Inc recently signed a brand new 20 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. 70+ Unit Guaranty from the Largest Crunch Fitness Franchisee in the U.S. The franchisee is the largest Crunch Fitness franchisee with 70 opened clubs, 15+ under development, and 100+ units that are planned for 2026. Headquartered in New York City, Crunch serves two million members with over 460 gyms worldwide in 41 states, the District of Columbia, Australia, Canada, Costa Rica, Portugal, Puerto Rico, and Spain.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
35,000 SF
Building Class
B
Year Built
2024
Price
$21,039,307 CAD
Price Per SF
$601.12 CAD
Cap Rate
6.25%
NOI
$1,314,957 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
4.74 AC
Zoning
MUPD - Mixed Use
Parking
217 Spaces (6.2 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 00-42-45-01-00-000-7070 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,977,989 CAD |
PROPERTY TAXES
Parcel Number
00-42-45-01-00-000-7070
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,977,989 CAD
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Crunch Fitness | Brand New 20-Yr Deal | 4681 Hypoluxo Rd
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