LA Fitness - Tenant Overview


February 1, 2024


Tenant Description

LA Fitness, founded in 1984 in Los Angeles, California, has grown into one of the largest and most recognized health club chains in North America. With over 700 clubs across the United States and Canada, LA Fitness has established itself as a leader in the fitness industry, known for its wide range of amenities and services. This extensive network underscores the brand's significant influence and commitment to promoting health and wellness.

The company’s success is attributed to its comprehensive approach to fitness. Each club offers a variety of workout options, including state-of-the-art equipment, group fitness classes, personal training, and amenities like pools and spas. This diversity appeals to a broad range of fitness enthusiasts, from casual gym-goers to serious athletes, and contributes to a strong and loyal member base.

LA Fitness's growth strategy involves continuous expansion and improvement of its facilities. Recent developments include partnerships for further expansion and the addition of new services, reflecting the brand’s commitment to staying at the forefront of the fitness industry.

Strategically located in both urban and suburban areas, LA Fitness clubs are designed to be easily accessible to a large demographic. This accessibility is a key factor in the brand's location strategy, ensuring convenience for current and potential members.

Financially, LA Fitness has demonstrated resilience and adaptability, crucial for potential partners in the commercial real estate sector. The brand’s established market presence, combined with its commitment to providing a comprehensive fitness experience, makes it a desirable tenant, offering stability and potential for foot traffic to landlords and investors.

Average Asking Cap Rate


3 mo avg (68 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$300 - $360

Building SF

37,000 - 45,000

Approx. Store Count


Lease Term

15 Years


10% Every 5 Years

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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