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JLL is pleased to offer for sale the fee simple interest in a single-tenant, corporate leased Snap Fitness, Inc. headquarters office and franchisee training facility in Chanhassen, Minnesota. Snap Fitness is a wholly-owned subsidiary of Lift Brands, Inc., a collection of specialty fitness companies around the world.
The office/flex asset features over seven years of remaining lease term with 3.0% annual increases, allowing investors the opportunity to acquire a long-term investment with steadily increasing cash flows.
- Fee simple interest
- Net lease structure with minimal landlord responsibilities
- Over seven years of remaining lease term with 3.0% annual increases
- Growing corporate tenant and critical headquarters asset
- Located in the second-largest suburban office submarket in Minneapolis/St. Paul