The tenant has been at the site since 2005 and has 10+ years of term remaining with 4-5 year options. The lease includes 10% bumps in the base term and each of the option periods. The lease is guaranteed by 24 Hour Fitness USA, Inc. and Tenant is responsible for roof membrane, HVAC and parking lot repair and maintenance. Fitness Magazine recently ranked 24 Hour Fitness #1 on its “Top 20 Gyms in America” list.
