611 S Broad St | Lansdale, PA 19446
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611 S Broad St
Lansdale, PA 19446
Krux Fitness · Retail Property For Sale
Investment Highlights
- Experienced Operator owned 33 Gold's Gym's before selling in the mid 2000s; current location performs well and has a very strong membership base
- Lease features a larger than average 15.38% rent increase in month 129 of the base term and CPI increases in the option period
- Montgomery County is the 2nd wealthiest in PA; average household incomes surrounding the property range from $108k (1 mi) to $150k (5 mi)
- Long term lease at this location with 11+ years remaining and one, five-year option to renew
- Lansdale is a dense Philadelphia MSA commuter town with SEPTA service to Philadelphia and nearly 75,000 residents within 3 miles of the Property
- Property is less than 2 miles from Merck's West Point Campus and other employers, North Penn High School and Penndale Middle School
PROPERTY FACTS
Property Type
Retail
Property Subtype
Health Club
Building Size
25,000 SF
Building Class
C
Year Built/Renovated
1962/1990
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.91 AC
Zoning
B, Landsdale Boro - n/a
Parking
120 Spaces (0.33 Spaces per 1,000 SF Leased)
Frontage
80 ft on Broad St
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 11-00-00868-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,778,124 |
PROPERTY TAXES
Parcel Number
11-00-00868-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,778,124
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