Freestanding Fitness Center
For Sale
Contact for pricing
Pending
1757 Business Center Dr, Reston, VA 20190
Corporate-guaranteed, absolute NNN freestanding Life Time Fitness property with long-term lease featuring periodic rent increases.
Property Size114,441 SF
Lot Size11.10 Acres
Days on Market148
Property Features for 1757 Business Center Dr
General Information
Standard status
Pending
Size
114,441 SF
Total Parking Spaces
559
Lot size
11.10 Acres
Property subtype
Special Purpose
Site & Location
Traffic Count
25,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
indoor and outdoor swimming pools
two-story outdoor watersides
two full-size basketball courts
life cafe
full spa service
Life Time Kids Academy
Pickleball courts
rock climbing wall
eucalyptus steam rooms
whirlpool spas
cycle and pilates studios
over 400 pieces of cardiovascular and resistance training equipment
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
Listed By:
Andrew Fallon · License #VA 0225193951
(202) 286-1542
Source:
Crexi
Added: Apr 11
Changed: Sep 2
Last Checked: Sep 4 at 11:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
SRS National Net Lease Group is pleased to offer the fee simple interest in an absolute NNN, corporate guaranteed, freestanding Life Time Fitness investment property. The tenant, Healthy Way of Life II, LLC, has approximately 20 years remaining in the current term, with four (5-year) options to extend, reflecting a long-term commitment to the site. The lease structure includes 10% rental increases every five years during the initial term, and each option period includes a rental increase equal to the greater of the previous period’s rent or Fair Market Value. The property is described as absolute NNN with zero landlord responsibilities.
Life Time Reston opened in September 2013. The site includes a 114,441 SF building and 11.10 acres of land, with parking for more than 559 vehicles. The property is located just off State Highway 675 (25,000 VPD) and provides direct on/off ramp access to State Highway 267 (108,000 VPD). Less than 1 mile east is Plaza America, a 168,000 SF community center with tenants including Whole Foods, Total Wine, Michaels and CVS.
The offering is positioned in a dense infill trade area supported by substantial residential and employment activity, with additional nearby national and credit tenants listed in the remarks.
Life Time Reston opened in September 2013. The site includes a 114,441 SF building and 11.10 acres of land, with parking for more than 559 vehicles. The property is located just off State Highway 675 (25,000 VPD) and provides direct on/off ramp access to State Highway 267 (108,000 VPD). Less than 1 mile east is Plaza America, a 168,000 SF community center with tenants including Whole Foods, Total Wine, Michaels and CVS.
The offering is positioned in a dense infill trade area supported by substantial residential and employment activity, with additional nearby national and credit tenants listed in the remarks.
Key Highlights
- Fee simple (land & building) ownership of a freestanding Life Time Fitness with absolute NNN lease and zero landlord responsibilities
- Corporate‑guaranteed lease with Healthy Way of Life II, LLC and approximately 20 years remaining plus four 5‑year extension options
- Rent increases by 10% every 5 years during the initial term to support growing NOI and inflation hedge
Property Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,219
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20190, VA
20,957
Population
12,180
Households
1.7
Avg Household Size
40
Median Age
72%
College-Educated
96%
High-School Grad
4.4 sq mi
ZIP Area
4,763
Density / Sq Mi
$126,928
Median Household Income
$83,750
Median Earnings
$2,241
Median Rent
$568,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - Corporate-guaranteed, absolute NNN freestanding Life Time Fitness property with long-term lease featuring periodic rent increases.
Where is this fitness center & gym located?
The property is located at 1757 Business Center Dr Reston, VA.
What are key features of this property?
This property features: Fee simple (land & building) ownership of a freestanding Life Time Fitness with absolute NNN lease and zero landlord responsibilities; Corporate‑guaranteed lease with Healthy Way of Life II, LLC and approximately 20 years remaining plus four 5‑year extension options; Rent increases by 10% every 5 years during the initial term to support growing NOI and inflation hedge
