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Thrive Fitness - Anacortes, WA

Thrive Fitness - Anacortes, WA


1609 R Ave. Anacortes, Washington

Rentable Bldg Area: 12,627 SF

Lot Size: 49,403 SF

Year Built: 2001/2017


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  • Investment Highlights

    Brand New Ten Year Lease At Closing

    Well Established and Proven Business Success

    Great Path of Progress Location

    Strong Multi Unit Owners Personal Guarantee

    Annual Rental Increase of 2.5%

    Very Passive Absolute Net Lease Structure


  • Investment Overview

    The Vara Group is pleased to present the sale offering
    for the Thrive Fitness Building in beautiful Anacortes, Washington.
    This outstanding investment property is a proven and well
    performing retail specialty facility surrounded by new developments
    and growth. The opportunity features a brand new 10
    year base lease personally guaranteed by the very experienced
    multi unit owners of Thrive Fitness. The lease has steady 2.5%
    annual rent increases and a very passive Absolute Net Lease
    structure. The location of this asset is in the heart of the Marina
    District in beautiful Anacortes, WA just North of the Seattle/
    Everett markets and several large scale residential and mixed
    use developments are in the immediate area. The savvy investor
    will certainly benefit from the acquisition of this long term and
    passive investment property that will provide steady and reliable
    cash f low and a strong future for appreciation and growth.