100% occupied single tenant NNN leased StaFit Fitness Center in Sartell, MN. Excellent location at signalized intersection in a prominent growing community. Sartell has a population of approx. 20,000 and is included in Saint Cloud MSA which serves over 200,000 people daily. Location is approximately 60 miles northwest of the Twin Cities.

Tenant recently signed a new 20-year NNN lease with 5% annual escalations. StaFit is a full-service state of the art fitness center and flagship health club featuring the following amenities: multi-purpose dome/tennis facility, spin studio, lap swim pool and large hot tub, sauna, golf simulators, group exercise programming, personal training, kids club, extensive cardiovascular selection, free weights and sectorized machines and much more.

Offering consists of one primary building of 32,000 sf constructed with high quality concrete and glass exterior, and the multi-purpose dome facility adds another 38,000 SF, totaling 70,000 total square feet on a 5.79-acre parcel. Ample parking in the parking lot and room for future expansion on the site.

This has been a proven fitness center location in Sartell/Saint Cloud market for the past 20 years. Excellent opportunity for qualified investor to acquire this high-quality net leased asset in an excellent location well positioned in a prominent growing community.

Special Features: 
  • NOI of $317,520
  • New 20 Year NNN Lease
  • Attractive 5% Annual Escalations
  • New 38,000 SF multi-purpose dome facility replaced in 2019 (cost of over $1 MIL)
  • Excellent 1031 Exchange Replacement
Land Area: 
5.79 Acres
Size of Building: 
70,000 SF
2001. Renovations in 2017/2019
Offered For Sale at $4,884,923 | SOLD