Property Description
  • Long-term lease with 10% increases every 5 years
  • High traffic, dense New York suburb
  • Nationally recognized tenant with excellent member following
  • Very strong performance with roughly 1,300 check-ins per day
  • New (two-year old) construction
  • 13.5 miles from Manhattan
  • $159,026 Avg household income within 1 mile
  • Population of 549,832 within 5 miles

LA Fitness at Essex Green Town Center is a newly constructed 48,200 square foot LA Fitness on Rooney Road in West Orange (Essex County), New Jersey. LA Fitness occupies the entire property under a 15-year lease with four, 5-year options and 10% rent increases every 5 years. The lease is 100% guaranteed by Fitness International, LLC, the corporate parent of LA Fitness. West Orange is a densely populated commuting suburb in the New York Metropolitan area located approximately 12 miles from Manhattan via the Lincoln Tunnel and New Jersey Transit’s Midtown Direct rail service. The property is adjacent to Essex Green Town Center, strategically located at the intersection of Prospect Avenue and Interstate 280, the main highway connecting the property with New York City, Newark Airport, I-80, Garden State Parkway, and the New Jersey Turnpike.

Address Map
NJ
West Orange
Prospect Ave
471
W75° 44' 33.2''
N40° 47' 29.9''

LA Fitness - West Orange, NJ

471 Prospect Ave, West Orange, New Jersey

1 Number of Tenants
$19,280,000
Listing ID #1017
Basic Details
Property Title : LA Fitness - West Orange, NJ
Status : In Contract
Asking Price : $19,280,000
Cap Rate : 7.00
NOI : $1,349,600
Occupancy : 100%
Square Footage : 48000
Lease Remaining : 11 Years
Anchor Tenants : LA Fitness
Number of Tenants : 1
Parking Ratio : 5.20/1,000
Listing ID : 1017
Property Type : NNN
Listing Type : For Sale
Agent info
David Maloy
Warner CRE
Contact Agent
I am:
I agree to the  terms and conditions