June 6, 2025 – Zach Smith and Will Peck of Horvath & Tremblay have successfully completed the sale of an Anytime Fitness in Espanola, New Mexico. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,520,000.
Anytime Fitness is located at 603 Silky Way in Espanola, New Mexico. Anytime Fitness has 12+ years remaining on their Triple Net (NNN) lease with two (2), 5-year renewal options. The lease features attractive 3% rent increases every five years throughout the primary lease term, and the renewal options shall be set to Fair Market Rent. The location is operated by Bandon Holdings, the largest Anytime Fitness franchisee in the country. The Property is positioned just off N Riverside Drive (NM Route 68), the area’s primary commercial and commuter corridor. The Property is surrounded by national retailers and restaurants that drive traffic to the area and is convenient to residential neighborhoods and schools providing a built-in customer base. Espanola is in north-central New Mexico approximately 25 miles north of Santa Fe.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.