JLL is pleased to offer for sale the fee simple interest in a single-tenant, corporate leased Snap Fitness, Inc. (“Snap Fitness” or “Tenant”) headquarters office and franchisee training facility (the “Property” or “Asset”) in Chanhassen, MN. Snap Fitness is a wholly-owned subsidiary of Lift Brands, Inc. (“Lift Brands”), 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.
- Net lease structure with minimal landlord responsibilities
- Growing corporate tenant and critical headquarters asset
- Located in the second-largest suburban office submarket in Minneapolis/St. Paul