American Family Fitness

Glen Allen, VA
On the Market
Property Type :
Retail
Year Built :
1991
Property Size :
10.83 acres / 86,627 Sft / 1 Units

Overview

Holliday Fenoglio Fowler, L.P. (“HFF”) Net Lease Advisory is pleased to exclusively offer a premier net lease opportunity to acquire a fee simple interest in a single tenant property leased to American Family Fitness (the “Property”) in Glen Allen, VA. American Family Fitness is locally owned and operated and has nine locations throughout central Virginia. They have been at this location since 2014 and have 10 years remaining on their lease with rental increases in the primary term. The Company offers an array of membership plans to its customers and provides athletic courts, pools, gyms and yoga studios in their locations. Being just fifteen minutes from Richmond, VA, which has a population of over 1 million people, the location attracts customers from both the city and the suburbs. This population density is attractive, especially due to the fact that the 100,000+ people that live within a 5 mile radius of the Property earn, on average, about $100,000 per year. Additionally, American Family Fitness is surrounded by nationally recognized tenants such as: JCPenney, Burlington Coat Factory, Kay Jewelers and Victoria’a Secret, driving customers to the area.

Property Summary

The Property is a member of the Virginia Center Commons, which is a mall occupied by nationally recognized tenants such as JCPenney, Burlington Coat Factory, Kay Jewelers and Victoria’s Secret, driving customers to the area.

Location

Glen Allen, VA is less than a twenty-minute drive to Richmond, VA – a city with a population over 1 million and a #24 ranking among the best places to live by US News and World Report 2017. Just two hours from the Nation’s capital, the Richmond, VA economy is driven by law, finance, and government with notable government agencies and banking firms located in the downtown area.

Map

Documents

If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.

Contact Information

Marc Mandel1700 Market Street
Suite 3232
Philadelphia, PA 19103
P: 4845324212
F: 4845324215

marc.mandel@am.jll.com
Steve Schrenk1700 Market Street
Suite 3232
Philadelphia, PA 19103
P: 4845324213
F: 4845324215

steve.schrenk@am.jll.com
Jordan Lex1775 Pennsylvania Avenue NW
5th Floor
Washington, DC 20006
P: 2025332517
F: 2025332532

jordan.lex@am.jll.com
John Owendoff1775 Pennsylvania Avenue NW
5th Floor
Washington, DC 20006
P: 2027772302
F: 2025332510

john.owendoff@am.jll.com