8438 Elk Grove Florin Rd Elk Grove, CA 95624

This exceptional investment opportunity presents a fee-simple, 37,000-square-foot, freestanding LA Fitness health club in Elk Grove, California. Built in 2023, the property boasts a 13.2-year remaining lease term expiring March 29, 2038, with a strong 100% occupancy rate. The lease is a Net Lease (NNN) structure, providing significant operational simplicity for the owner. The property sits on a 2.08-acre lot within the Calvine Pointe Shopping Center, a high-traffic location at a busy intersection in South Sacramento County, experiencing over 68,900 vehicles daily. The strong tenant, LA Fitness (Fitness International, LLC), is a major player in the fitness industry with over 740 locations. The current Net Operating Income (NOI) is $786,250, yielding a 6.25% cap rate. Rent increases are structured at 8% or CPI every five years, ensuring consistent income growth and long-term stability. The property benefits from excellent demographics, with an average household income exceeding $116,085 within a one-mile radius and a population over 127,000 within three miles. The asking price is $12,580,000. The lease includes three five-year renewal options. This is a core-plus investment with a single tenant and a proven track record of success. The property's location within a thriving commercial hub, alongside high-profile retailers including a top-performing Kohl's, guarantees exceptional visibility and accessibility.