24 Hour Fitness

Tenant Description

24 Hour Fitness is a privately owned and operated fitness center chain headquartered in San Ramon, California. It is the world’s second largest fitness chain based on memberships after LA Fitness. 24 Hour Fitness also operates a nutritional supplement company, Apex Fitness Group, which is also the distributor of the Bodybugg system. Their motto is “Improving lives through fitness.”

What To Look For When Buying A 24 Hour Fitness

Memberships

What We Like About 24 Hour Fitness

Big Deal Size

Competition

Its major competitors in the US are Anytime Fitness, Gold’s Gym, Aspen Fitness, and LA Fitness

What Is Sold In A 24 Hour Fitness

Fitness Services

24 Hour Fitness Website

https://www.24hourfitness.com/

Corporate Office Location

12647 Alcosta Blvd Suite 500 – San Ramon, CA.

Fast Facts

24 Hour Fitness employs over 20,000 people has 4+ million gym members and 400+ clubs

The company also owns co-branded centers along with celebrities such a Lance Armstrong, Mark White (soccer) and Jackie Chan.

Average Cap Rate Trend
6.25%
2019
6.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$12,000,000
Avg. Annual Rental Income $850,000
Avg. Price/SF$175/SF
Typical Lease TypeDouble Net
Typical Lease Term10 Years
Typical Lease EscalationsNone
Credit Rating
S& P N/A

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *