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City Sports Club (LA Fitness) 8438 Elk Grove Florin Rd 37,000 SF Retail Building Elk Grove, CA 95624 $17,199,754 CAD ($464.86 CAD/SF) 6.25% Cap Rate
Investment Highlights
- New Long-Term Lease w/ Stable Rent Growth
- Wealthy, Growing Demographic Base
- Prime High-Traffic Elk Grove Retail Intersection
- Tremendous Foot Traffic
Executive Summary
The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a freestanding City Sports Club (LA Fitness credit) at the busiest intersection in South Sacramento California MSA. This 37,000-square-foot modern prototype facility offering 13.25 years of lease term extending through March 2038, backed by Fitness International, LLC— the largest non-franchised health club chain with 740+ locations in the US & Canada. Structured 8% or CPI rent increases every five years provides stable income growth and security.
Located in one of Sacramento’s most desirable communities Elk Grove, this property benefits from strong demographics, with an average household income of $116,085 within a one-mile radius and a population exceeding 127,000 within three miles. Positioned at the busiest retail intersection in Elk Grove and South Sacramento County, this City Sports Club enjoys combined traffic counts over 68,900 vehicles per day. Situated within the Calvine Pointe Shopping Center and surrounded by high-profile retailers, this property offers unparalleled visibility and accessibility in a thriving commercial hub. The adjacent Kohl’s is the only soft goods retailer in the region and is top ranked within the company further demonstrating the strong draw to this shopping center.
Located in one of Sacramento’s most desirable communities Elk Grove, this property benefits from strong demographics, with an average household income of $116,085 within a one-mile radius and a population exceeding 127,000 within three miles. Positioned at the busiest retail intersection in Elk Grove and South Sacramento County, this City Sports Club enjoys combined traffic counts over 68,900 vehicles per day. Situated within the Calvine Pointe Shopping Center and surrounded by high-profile retailers, this property offers unparalleled visibility and accessibility in a thriving commercial hub. The adjacent Kohl’s is the only soft goods retailer in the region and is top ranked within the company further demonstrating the strong draw to this shopping center.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
37,000 SF
Building Class
B
Year Built
2023
Price
$17,199,754 CAD
Price Per SF
$464.86 CAD
Cap Rate
6.25%
NOI
$1,074,985 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
2.08 AC
Zoning
SC
Amenities
- Signage
- Skylights
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 115-2010-010 | Improvements Assessment | $10,701,034 CAD |
| Land Assessment | $2,886,279 CAD | Total Assessment | $13,587,313 CAD |
Property Taxes
Parcel Number
115-2010-010
Land Assessment
$2,886,279 CAD
Improvements Assessment
$10,701,034 CAD
Total Assessment
$13,587,313 CAD
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City Sports Club (LA Fitness) | 8438 Elk Grove Florin Rd
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