A portfolio of seven single-tenant, EoS Fitness properties was acquired by a publicly traded REIT in a $94 mil transaction. Five of the assets are located in Arizona and two are in Florida. 

The portfolio was comprised of three new construction gyms that opened in 2023 as well as four formerly vacant grocery stores that are currently undergoing improvements. All of the properties have 15-year, corporate-guaranteed, triple net leases in place with scheduled rental increases. 

SRS Capital’s Patrick Nutt led a team representing the seller, Barclay Group. Over the past five years, Barclay Group has partnered with EoS Fitness to open more than 25 locations across the country.