Single-Tenant Fitness
New
For Sale
$14,870,800
1900 N Flamingo Rd, Pembroke Pines, FL 33028
Absolute NNN lease with more than eight years remaining and contractual rent increases.
Property Size40,040 SF
Price / SF$371.40
Days on Market2
Property Features for 1900 N Flamingo Rd
General Information
Standard status
Active
Size
40,040 SF
Property subtype
Fitness Center
Lease Type
Absolute Net
Additional Details
Cap Rate
6.25%
Amenities
Strategic Flamingo Road Location
Strong Tenant Commitment
Positioned within Dominant Retail Corridor
Strong Consumer Spending Base
Building Details
Building Size
40,040 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Mark Thiel · License #License(s): CA: 01469342
(858) 373-3206
Source:
Marcusmillichap
Added: Sep 6
Last Checked: Sep 6 at 2:15PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This 40,040 SF fitness facility in Pembroke Pines is occupied by LA Fitness under an absolute NNN lease. Fitness International, LLC, the parent company of LA Fitness, is the tenant, with more than eight years remaining on the lease term and contractual rent increases scheduled throughout the remaining term. The property carries a 6.25% cap rate.
Positioned along North Flamingo Road, the facility receives exposure to a corridor with reported traffic exceeding 40,000 vehicles per day. The surrounding Pembroke Pines retail market includes more than 8 million square feet of retail space and approximately $4.8 billion in annual retail sales, supported by a dense residential population and consumer spending. The asset combines a large-format fitness use with a long-term absolute NNN lease structure.
Positioned along North Flamingo Road, the facility receives exposure to a corridor with reported traffic exceeding 40,000 vehicles per day. The surrounding Pembroke Pines retail market includes more than 8 million square feet of retail space and approximately $4.8 billion in annual retail sales, supported by a dense residential population and consumer spending. The asset combines a large-format fitness use with a long-term absolute NNN lease structure.
Key Highlights
- 40,040 SF fitness facility
- Leased to Fitness International, LLC, the parent company of LA Fitness
- Absolute NNN lease with more than eight years remaining
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33028, FL
28,140
Population
9,297
Households
3
Avg Household Size
40
Median Age
57%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
4,937
Density / Sq Mi
$111,553
Median Household Income
$52,225
Median Earnings
$2,417
Median Rent
$521,600
Median Home Value
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Similar Off Market Nearby
- Health & Wellness Doctor Pembroke Pines - Primary Care Offices — 1 SW 129th Ave STE 109, Pembroke Pines, FL 33027
- Nutri Fit 4 Life — 3 SW 129th Ave Suite 202A, Pembroke Pines, FL 33027
- Volofit Pembroke Pines — 12598 Pines Blvd #104, Pembroke Pines, FL 33027
- Mindful Evolution Holistic Health Studio — 12510 Pines Blvd Ste 102, Pembroke Pines, FL 33027
- 954Nutritionsmoothiebar — 11238 Pines Blvd, Pembroke Pines, FL 33026
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Absolute NNN lease with more than eight years remaining and contractual rent increases.
Where is this fitness center & gym located?
The property is located at 1900 N Flamingo Rd Pembroke Pines, FL.
What is the asking price?
The asking price for this property is $14,870,800.
What are key features of this property?
This property features: 40,040 SF fitness facility; Leased to Fitness International, LLC, the parent company of LA Fitness; Absolute NNN lease with more than eight years remaining
