LA Fitness - Apple Valley, MN

Demographics: The property is located in a densely populated area of Dakota County, with over 90,000 people living within a 3-mile radius. The median household income in the area is $80,000, making it an affluent community with significant purchasing power.
National Tenant Synergy: The property is surrounded by some of the nations top retailers including Target, The Home Depot, Walmart, Chick Fila A, Chipotle, Etc.
Traffic Counts: The property benefits from high traffic counts, with over 40,000 vehicles passing by on a daily basis. The property is located near major highways, including I-35E, I-494, and MN-77, making it easily accessible to surrounding communities.
Area Development: The property is located in a growing area of Minnesota, with a strong economy and low unemployment rates. The surrounding area has experienced significant development in recent years, including the addition of several new residential and commercial properties.
Capital Improvements: The landlord has invested ±$500,000 in capital improvements to the property, including upgrades to the parking lot and other non-structural components to the property.
LA Fitness Lease: In 2017, LA Fitness signed a 15-year lease extension for the property, demonstrating their long-term commitment to the location. This provides stable and predictable cash flow for investors, making it an attractive investment opportunity.

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