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8438 Elk Grove Florin Rd Elk Grove, CA 95624

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High-traffic, NNN-leased fitness center.

Property Features for 8438 Elk Grove Florin Rd

General Information

Property type
Individual retail properties
Lot Size
90,605 SF

Building Details

Year Built
2023
Buildings
1

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Listing Contact
Mark Thiel
Mark Thiel

Listing Agency: Marcus & Millichap San Diego Listing Agent: Mark Thiel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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.
Property Profile Location Intelligence

Current Use by Public Records

City Sports Club Gym & Fitness Center

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Elk Grove
County
Sacramento
State
California
Longitude
-121.3732506
Latitude
38.4506885

FAQs

What type of property is this?
Individual retail property - High-traffic, NNN-leased fitness center.
Where is this individual retail property located?
The property is located at 8438 Elk Grove Florin Rd Elk Grove, CA.
What is the asking price?
The asking price for this property is $12,580,000.
What are key features of this property?
This property features: New long-term lease with built-in rent increases.; Excellent location at a high-traffic Elk Grove retail intersection.; Strong demographics with affluent, growing population.
(858) 373-3206 Call to check price and availability
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