Investment Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present a 62,000-square-foot single-tenant EoS Fitness in Phoenix, AZ. This newly retrofitted property features a brand-new 20-year lease with 10% rent increases every 5 years, ensuring long-term income growth. The tenant, EoS Fitness, is one of the nation’s fastest-growing HVLP (High-Value Low-Price) gym operators, with 125+ locations and aggressive expansion plans. With low rent ($16 PSF), an attractive price per square foot ($229 PSF), and a corporate-backed tenant, this offering presents an exceptional opportunity for investors seeking a stable, long-term asset in a high-growth market. Strategically positioned at 2814 W Bell Rd, this 5.18-acre site sits along Bell Road and I-17, two of the busiest thoroughfares in the area, with a combined traffic count of 209,481 vehicles per day. The Phoenix MSA is one of the fastest-growing metros in the U.S., with a population of 5+ million and a strong economic base supported by major industries, including technology, manufacturing, and healthcare. Within a 3-mile radius, the property benefits from 144,277 residents and an average household income of $83,664, reflecting the area’s strong consumer base. Adding to the investment appeal, the property is near The Metropolitan, a transformative $850M redevelopment of the former Metrocenter Mall, which will introduce new residential, retail, and transit infrastructure, further enhancing the surrounding trade area.