Case Study

Snap Fitness

Retail - Tenant Representation

Client

Lucent Management, Inc. d.b.a. “Snap Fitness”

Assignment Overview

  • Evaluate niche markets in need of Fitness Centers 
  • Compare Class A street front retail options taking into consideration co-tenancy, access, traffic counts, location and competition
  • Leverage competing listing’s desire for Snap Fitness’ use in each center to obtain the best rent and allowance economics for the client

Result

  • Reduced annual rent and negotiated free rent for client
  • Leveraged the market to negotiate favorable economic terms
  • Premises renovated to accommodate client’s turn key

“I have been so impressed with the services of the Sansone Group broker, Mike Pettit, that I have decided to enlist their services for our next five real estate deals for Snap Fitness Locations!”

Jerrad Boren, President Lucent Management Inc. d.b.a. Snap Fitness