Colliers Integrated Real Estate Solutions - Real Estate Strategic Advisory Services, Investment Sales, Structured Real Estate Finance

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Offering Summary

Offering For Sale as a Portfolio (Single Asset Sales will be considered.)
Tenant 24 Hour Fitness
Property Types Fitness Centers / Retail
Number of Properties Seven (7)
Rentable Square Footage 251,000 SF (Average: 36,000 SF)
Land Square Footage 890,802 SF (20.45 acres)

Investment Highlights

  • 251,000 Square Feet / Stand Alone
  • Secure Cash Flows – 100% Occupied
  • Long Term Leases with over 14 Year Average Remaining Lease Terms
  • NNN Leases – Tenant Responsible for all property expenses, interior/exterior maintenance, repair & replacement.
  • CPI Rental Increases
  • All “Prime” 24 Hour Fitness Facilities including two “Lance Armstrong Signature Clubs”
  • Diversified Locations Over Three States

Property By Property Summary

Property Address Year Built Lot Acreage Square Feet % Coverage Net Lease Expiration Remaining Lease Term*
1 Allen, TX 510 N. Watters Rd.

Allen, TX 75013

 N/A 3.35 37,094 18.4% 7/31/22 12.2 years
2 Austin, TX 13802 N Hwy 183

Austin, TX 78750

 1976/1990 1.90 33,000 25.3% 2/17/25 14.7 years
3 Denver, CO 7600 E. Academy Blvd.

Denver, CO 80230

 2004 3.36 35,000 23.9% 6/16/25 15.1 years
4 Frisco, TX 3865 Preston Rd.

Frisco, TX 75034

 2005 3.99 35,000 20.1% 9/30/25 15.3 years
5 Littleton, CO 333 Dad Clark Dr.

Littleton, CO 80126

 2002 Approx 3.00 40,000 30.6% 1/31/22 11.7 years
6 Murray, UT 5684 South 900 East

Murray, UT 84121

 2004/2006 2.10 35,000 38.3% 8/31/24 14.3 years
7 North Richland Hills, TX 6601 Northeast Loop 820

North Richland Hills, TX 76180

 1993 2.75 36,000 30.1% 8/31/26 16.3 years

* Remaining Lease Term – As of June 1, 2010