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
Palm Beach Gardens Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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