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7070 Fairway Drive

EōS Fitness Signs Long-Term Retail Leases Totaling 82,000 Square Feet In Palm Beach Gardens And Cape Coral
LEASEDRetail

EōS Fitness Signs Long-Term Retail Leases Totaling 82,000 Square Feet In Palm Beach Gardens And Cape Coral

7070 Fairway Drive & 2301 Southwest Pine Island Road

Building Size

164,000 SF

Asset Type

Retail

Closing

Mar 30, 2026

AI

The lease transaction involved retail properties totaling approximately 82,000 square feet located at 7070 Fairway Drive in Palm Beach Gardens and 2301 Southwest Pine Island Road in Cape Coral. The Palm Beach Gardens location comprises 42,000 square feet, while the Cape Coral site accounts for 40,000 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 7070 Fairway Drive, Palm Beach Gardens
  • Address: 2301 Southwest Pine Island Road, Cape Coral
  • Landlord: Centro and L&L Holding Company
  • Tenant: Rich Drengberg - EoS Fitness
  • Brokers: SRS Real Estate Partners & Newmark

SRS Real Estate Partners represented the tenant EoS Fitness in both lease agreements. Centro represented itself as the landlord for the Palm Beach Gardens property, while Newmark acted as the representative for landlord L&L Holding Company in Cape Coral.

Players

SRS Real Estate Partners
SRS Real Estate PartnersBrokerage
Newmark
NewmarkBrokerage
L&L Holding Company
L&L Holding CompanyLandlord

Rich Drengberg

EoS Fitness

Tenant

5 deals

Tenant

Palm Beach Gardens Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93