LA Fitness

7410 Dixie Highway - Louisville KY 40258

LTV (Loan to Value)	65.00%	Current NOI	$721,800.00
Interest Rate	4.250%	Capital Rate	8.490%
Fixed Term	10 Years	Land Area	4.06 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$5,525,000.00	Property Type	Retail
Payment	$29,931.03	Property Lease	Fitness Center
Bulding Size	37,900 SF	Remaining Terms	7 Years

Location Description

NNN Lenders is pleased to offer to qualified investors, the opportunity to purchase a 100% fee-simple interest in the LA Fitness located at 7410 Dixie Highway in Louisville, Kentucky (the “Property”). The Property is occupied by LA Fitness, which operates over 570 clubs across North America. The property began as a Furrow Building Materials location. In 2004, over $2 million was spent to convert the property to a Gold's Gym. The Gold's Gym franchisee ended the relationship with Gold's and began a new brand Urban Active Fitness in 2007. LA Fitness acquired this location as part of the acquisition of Urban Active Fitness in 2007, which consisted of 36 fitness centers. The property sits on more than 4 acres of land with frontage on Dixie Highway a state highway and major thoroughfare through Louisville.

Highlights

Strong Lease Economics - The property boasts an above average yield as compared to other LA Fitness properties available on…

Property Description

Louisville is a competitive, authentic, global city a center for advanced manufacturing and logistics. As the hometown of Muhammad Ali, Louisville punches above its weight and its 750,000 population. Louisville's business strategies focus on areas of strength where large numbers of companies already are successful. Ford and GE are experiencing major growth in advanced manufacturing. Louisville also is home to the largest concentration of healthcare providers in the lifelong wellness and aging care sector, and home to UPS WorldPort.