100 Cedar Ave South Windsor, CT 06074

This exceptional investment opportunity presents the fee simple condominium interest in a Club Studio (LA Fitness) location at 100 Cedar Ave, South Windsor, CT 06074. The property boasts a 43,419 square foot, single-tenant, absolute NNN lease with a corporate guarantee from Fitness International LLC, a company with 728+ locations and an S&P "B/Stable" rating. The lease commenced June 18, 2024, and has a remaining term of 14.6 years, extending to June 30, 2039, with three 5-year renewal options. Rent increases of 10% every five years are built into the lease, providing a hedge against inflation. The property sits on a 5.07-acre lot and is part of The Shops at Evergreen Walk, a premier outdoor lifestyle center with high visibility and traffic counts exceeding 19,400 vehicles daily on Buckland Road (CT Route 194). Its strategic location is 1.2 miles from Interstate 84 and close to other major roadways, offering easy access. The property benefits from a strong demographic profile, with over 47,400 people within a 3-mile radius and an average household income exceeding $133,951. The property's Net Operating Income (NOI) is $965,000, resulting in a 7.00% cap rate. This is a truly passive investment opportunity with zero management responsibilities, offering a compelling combination of strong tenant, long-term lease, and significant upside potential. The asking price is $13,785,714. The building, constructed in 2004, is a single-story structure with 100% occupancy.