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7/28/2017
• • • •
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7/28/2017
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7/28/2017
• • • • •
400 300 200 100 0
2016 Closures
•
• •
Store Openings 2017 250
•
200 150
•
Store Openings 2017
100 50
•
0 TJ Max LIDL
ULTA
Ross Dick's
• •
3
7/28/2017
•
• •
GOLD'S GYM SIMMS ONLINE MARKET ANALYSIS CBSA: 19100
CBSA Name: Dallas-Fort Worth-Arlington, TX
Address: 4001 Maple Ave Suite 600 City: Dallas
Critical Market Demographics
Date: 7/15/2017
State: TX
Longitude: -96.8269
Zip Code: 75219
Latitude: 32.8144
6 Minutes % of Total
Density Class Benchmark Med. Benchmark
5 Minutes 10 Minutes 15 Minutes 1.0 Mile
3.0 Miles
Source: PopStats Data from Synergos Technologies, Inc. Residential Population
69,198
36%
--
83,403
50,853
179,509
387,335
29,752
166,219
Workplace Population
121,764
64%
--
85,943
77,759
336,697
475,647
17,438
304,556
4.4%
3.4%
3.7%
Unemployment Rate % Population Growth Last 12 Months % Population Growth Last 10 Years % Population Growth Next 5 Years Projected Median Household Income
3.2%
--
--
3.8%
4.8%
3.6%
3%
--
--
1.8%
1%
3%
2%
1%
3%
35%
--
--
15.0%
22%
33%
9%
5%
34%
18%
16%
10%
18%
17%
20%
--
--
$ 86,476
--
-- $
3.7% 80,660
Site Information: Landlord: Address: Intersection: Traffic Counts: Primary: Secondary:
Combined Properties 13621 Lee Jackson (Rt. 50) Chanti lly, VA 20151 Route 50 & Galesbury Ln 63,610 VPD 4,174 VPD
Total Square Feet: 37,896 Site Type: Multi-Tenant Space Location: In-Line Space Condition: 2nd Gen Center Condition: Average Perception of Safety: Good
Access: Visibility: Signage: Parking: Trade Area:
Traffic signal at primary entrance (Rt. 50); 2 ingress/egress points on Galesbury Ln Above Average; set back from Rt. 50 wi th one pad partly hindering view corridor Large Building Signage on raised parapet; Highest position on monument Ample parking; 220+ parking spots i n front of Leased Premises Lowe's, Pet Smart, Aldi, At Home, Dollar Tree, Target, Costco, Starbuck's, Party Ci ty, Wal mart, Ross
$ 77,875 $ 84,160 $ 75,220 $ 66,262 $ 82,579
Scorecard:
Competition: Count Gyms - 1 Mile Radius:
0
Gyms - 3 Mile Radius: Gyms - 5 Mile Radius:
6 3
Operators Orangetheory, Anytime, Pl anet Fitness Life Time, 24 Hour, Anytime
Demographic Profile: Economics: Competition: Center Condition: Perception of Safety: Access: Visibility: Signage: Parking: Trade Area:
Grade A B A B B A B A A A
Weighting 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%
Site GPA:
3.60
90.0%
Explanation: Great popul ation; great incomes Market TI package; Market rent Limited from full-service perspective Average condition Little to no crime. Great (2 Ingress / Egress Points) Above average from pri mary thoroughfare Highest on Monument; large building signage Ample parking Good retail node.
4
7/28/2017
Required Provisions 1.
Gold’s Gym standard lease form used
1.
Total term is 10 years or less (including any free rent period, but excluding options)
1.
Permitted Use includes health club and standard items
1.
Exclusive within the Shopping Center (at least)
1.
T is required to be open less than 365 days after delivery from LL
1.
T can go dark, subject to “Permitted Closures” for remodeling, etc.
1.
Parking areas not altered in a way that materially adversely affects T
1.
CAM Charges exclude any capital items and other reasonable items
1.
Reconciliation of CAM, Taxes, and Insurance
1.
Audit Rights
1.
Right to contest the taxes (if Premises is a separate tax parcel)
1.
LL to provide utility lines to the premises
1.
LL maintains the structure, roof, and common areas
1.
LL default provision, which includes a self help remedy
1.
No subordination without non-disturbance
1.
Ability to assign or sublease in general , with landlord’s reasonable consent
1.
Y/N
Section
Ability to assign to an affiliate of Tenant without landlord’s consent
1.
Roof Rights – right to put an antenna on top of the roof
1.
T permitted to make alterations that are non-structural and cost less than $25,000 without LL consent, non-structural alteration over $25,000 require LL consent, not to be unreasonably withheld
1.
LL reps regarding ownership/CC&Rs, etc.
1.
Offset rights if LL doesn’t pay TI Allowance
5
7/28/2017
6
• • • •
•
•
o o o o o o
o o
o o o
1
7/28/2017
o
o
o
o
o
o o
o
o
o
o
o
o
o o o
o
2
7/28/2017
• • • • •
400 300 200 100 0
2016 Closures
•
• •
Store Openings 2017 250
•
200 150
•
Store Openings 2017
100 50
•
0 TJ Max LIDL
ULTA
Ross Dick's
• •
3
7/28/2017
•
• •
GOLD'S GYM SIMMS ONLINE MARKET ANALYSIS CBSA: 19100
CBSA Name: Dallas-Fort Worth-Arlington, TX
Address: 4001 Maple Ave Suite 600 City: Dallas
Critical Market Demographics
Date: 7/15/2017
State: TX
Longitude: -96.8269
Zip Code: 75219
Latitude: 32.8144
6 Minutes % of Total
Density Class Benchmark Med. Benchmark
5 Minutes 10 Minutes 15 Minutes 1.0 Mile
3.0 Miles
Source: PopStats Data from Synergos Technologies, Inc. Residential Population
69,198
36%
--
83,403
50,853
179,509
387,335
29,752
166,219
Workplace Population
121,764
64%
--
85,943
77,759
336,697
475,647
17,438
304,556
4.4%
3.4%
3.7%
Unemployment Rate % Population Growth Last 12 Months % Population Growth Last 10 Years % Population Growth Next 5 Years Projected Median Household Income
3.2%
--
--
3.8%
4.8%
3.6%
3%
--
--
1.8%
1%
3%
2%
1%
3%
35%
--
--
15.0%
22%
33%
9%
5%
34%
18%
16%
10%
18%
17%
20%
--
--
$ 86,476
--
-- $
3.7% 80,660
Site Information: Landlord: Address: Intersection: Traffic Counts: Primary: Secondary:
Combined Properties 13621 Lee Jackson (Rt. 50) Chanti lly, VA 20151 Route 50 & Galesbury Ln 63,610 VPD 4,174 VPD
Total Square Feet: 37,896 Site Type: Multi-Tenant Space Location: In-Line Space Condition: 2nd Gen Center Condition: Average Perception of Safety: Good
Access: Visibility: Signage: Parking: Trade Area:
Traffic signal at primary entrance (Rt. 50); 2 ingress/egress points on Galesbury Ln Above Average; set back from Rt. 50 wi th one pad partly hindering view corridor Large Building Signage on raised parapet; Highest position on monument Ample parking; 220+ parking spots i n front of Leased Premises Lowe's, Pet Smart, Aldi, At Home, Dollar Tree, Target, Costco, Starbuck's, Party Ci ty, Wal mart, Ross
$ 77,875 $ 84,160 $ 75,220 $ 66,262 $ 82,579
Scorecard:
Competition: Count Gyms - 1 Mile Radius:
0
Gyms - 3 Mile Radius: Gyms - 5 Mile Radius:
6 3
Operators Orangetheory, Anytime, Pl anet Fitness Life Time, 24 Hour, Anytime
Demographic Profile: Economics: Competition: Center Condition: Perception of Safety: Access: Visibility: Signage: Parking: Trade Area:
Grade A B A B B A B A A A
Weighting 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0% 10.0%
Site GPA:
3.60
90.0%
Explanation: Great popul ation; great incomes Market TI package; Market rent Limited from full-service perspective Average condition Little to no crime. Great (2 Ingress / Egress Points) Above average from pri mary thoroughfare Highest on Monument; large building signage Ample parking Good retail node.
4
7/28/2017
Required Provisions 1.
Gold’s Gym standard lease form used
1.
Total term is 10 years or less (including any free rent period, but excluding options)
1.
Permitted Use includes health club and standard items
1.
Exclusive within the Shopping Center (at least)
1.
T is required to be open less than 365 days after delivery from LL
1.
T can go dark, subject to “Permitted Closures” for remodeling, etc.
1.
Parking areas not altered in a way that materially adversely affects T
1.
CAM Charges exclude any capital items and other reasonable items
1.
Reconciliation of CAM, Taxes, and Insurance
1.
Audit Rights
1.
Right to contest the taxes (if Premises is a separate tax parcel)
1.
LL to provide utility lines to the premises
1.
LL maintains the structure, roof, and common areas
1.
LL default provision, which includes a self help remedy
1.
No subordination without non-disturbance
1.
Ability to assign or sublease in general , with landlord’s reasonable consent
1.
Y/N
Section
Ability to assign to an affiliate of Tenant without landlord’s consent
1.
Roof Rights – right to put an antenna on top of the roof
1.
T permitted to make alterations that are non-structural and cost less than $25,000 without LL consent, non-structural alteration over $25,000 require LL consent, not to be unreasonably withheld
1.
LL reps regarding ownership/CC&Rs, etc.
1.
Offset rights if LL doesn’t pay TI Allowance
5
7/28/2017
6
