The 38,509 sf LA Fitness located at 1175 Virginia Drive in Fort Washington is on the market for $9,264,500.

According to the listing, the property was built in 2003 and includes 200 parking spaces. Note that the LA Fitness franchise is not for sale. The buyer would become the property’s landlord.

From the description:

Marcus & Millichap’s NNN Fitness Group is pleased to present a premier LA Fitness investment opportunity located in Fort Washington, Pennsylvania, an affluent suburb just 17 miles north of Center City Philadelphia. Positioned along Virginia Drive with excellent visibility from Interstate 276 (108,000+ VPD), the property enjoys exceptional access within one of the region’s most prominent business corridors. This asset presents an exceptional opportunity to acquire a stable, long-term NNN investment in a high-barrier, high-income Philadelphia submarket.
The 38,509 SF facility sits on 6.87 acres with ±200 parking spaces and is corporate leased (NNN) to Fitness International, LLC, the parent company of LA Fitness, a strong corporate guarantor with an S&P B/Stable rating and 728+ locations nationwide. Surrounded by the 6 million SF Fort Washington Office Park and boasting average household incomes exceeding $184,000 within one mile, the property benefits from dense, affluent demographics and strong commuter traffic.

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