Thrive Fitness - Anacortes, WA
1609 R Ave. Anacortes, Washington
Rentable Bldg Area: 12,627 SF
Lot Size: 49,403 SF
Year Built: 2001/2017
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.