1860 Duluth Hwy, Lawrenceville, GA 30043-5011

This exceptional investment opportunity presents a fee-simple ownership of a 41,000 square foot LA Fitness located in Lawrenceville, Georgia. The property boasts a strong 100% occupancy rate with a corporate-guaranteed, Net Lease (NN+) agreement extending until August 31, 2040, with two five-year renewal options. The tenant, LA Fitness, is the #1 busiest location in Georgia and operates under the parent company, Fitness International, LLC, a leading health club operator in North America. The property sits on a 4.9-acre lot and benefits from a 6.25% cap rate and a substantial NOI of $648,000. Built in 2003 and renovated in 2018, this single-tenant building is strategically positioned within Sugarloaf Marketplace, a shopping center with high daily traffic exceeding 30,000 vehicles. The property enjoys excellent visibility and accessibility, situated near Interstate 85 and surrounded by a dense population of over 250,000 residents within a five-mile radius, including affluent communities with average household incomes exceeding $120,000. Rent increases are structured as the lesser of a 5-year CPI increase or 10% every five years, ensuring consistent income growth. The property's proximity to Sugarloaf Mills Regional Mall, numerous luxury apartment complexes, and Hartsfield-Jackson Atlanta International Airport further enhances its value and investment potential. The asking price is $10,368,000. This is a rare opportunity to acquire a high-performing, passively managed asset with significant long-term growth prospects.