NNN Leased Fitness
4404 University Pkwy San Bernardino, CA 92407
For Sale
Contact for pricing
Pending
Esporta Fitness property features a NNN structure and a 10-year lease executed in 2018.
Days on Market104
Property Features for 4404 University Pkwy
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing Agency:
Walseth Investment Company
Listed By:
Michael Walseth · License #CA 01405081
Source:
Crexi
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 11:07AM
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 Walseth Investment Company
Investment Insights
Based on property information with market context.
The property is a NNN leased Esporta Fitness facility offered as fee simple ownership (land and building). The building was completed in 2018 as a ground-up reverse build-to-suit for LA Fitness, with the tenant operating Esporta Fitness through Fitness International, LLC. Fitness International, LLC signed a brand-new 10-year lease in March 2018 with four (4) additional five-year options. The lease includes scheduled rental increases, and the structure is described as limited landlord responsibilities.
The gym is located just north of the signalized corner of University Parkway and N. State Street, with visibility from the area and proximity to the on/off ramps to Interstate 215. The location is also positioned as a junior anchor to a Ralph’s-anchored shopping center that includes inline shops and pad tenants such as Subway, Papa John’s, KFC, Carl’s Jr., and Del Taco. Nearby national/credit tenants listed include Walmart, CVS, Starbucks, McDonald’s, and Dollar Tree.
The property is approximately 2 miles south of Cal State University of San Bernardino and across the street from newly constructed apartment communities Ridgeline Apartments (160 units) and Broadstone Apartment Homes (254 units).
The gym is located just north of the signalized corner of University Parkway and N. State Street, with visibility from the area and proximity to the on/off ramps to Interstate 215. The location is also positioned as a junior anchor to a Ralph’s-anchored shopping center that includes inline shops and pad tenants such as Subway, Papa John’s, KFC, Carl’s Jr., and Del Taco. Nearby national/credit tenants listed include Walmart, CVS, Starbucks, McDonald’s, and Dollar Tree.
The property is approximately 2 miles south of Cal State University of San Bernardino and across the street from newly constructed apartment communities Ridgeline Apartments (160 units) and Broadstone Apartment Homes (254 units).
Key Highlights
- NNN leased Esporta Fitness investment property in San Bernardino, CA with corporate‑guaranteed lease by Fitness International, LLC (LA Fitness/Esporta Fitness operating entity).
- 10‑year lease signed in March 2018 with 4 (5‑year) options to extend; $1.00/SF/year scheduled rental increase in March 2023 and at each option start.
- Reverse build‑to‑suit completed in 2018; property was built for LA Fitness and includes the Esporta Fitness facility.
Property Analytics
Location Intelligence
Current Use by Public Records
Esporta Fitness
Gym & Fitness Center
Amazon Hub Locker ...
Postal Service
Similar Off Market Nearby
- Esporta Fitness — 4404 University Pkwy, San Bernardino, CA 92407
- Lift the Weight — 4560 Hallmark Pkwy Space 9943, San Bernardino, CA 92407
FAQs
What type of property is this?
Fitness center & gym - Esporta Fitness property features a NNN structure and a 10-year lease executed in 2018.
Where is this fitness center & gym located?
The property is located at 4404 University Pkwy San Bernardino, CA.
What are key features of this property?
This property features: NNN leased Esporta Fitness investment property in San Bernardino, CA with corporate‑guaranteed lease by Fitness International, LLC (LA Fitness/Esporta Fitness operating entity).; 10‑year lease signed in March 2018 with 4 (5‑year) options to extend; $1.00/SF/year scheduled rental increase in March 2023 and at each option start.; Reverse build‑to‑suit completed in 2018; property was built for LA Fitness and includes the Esporta Fitness facility.
