Crunch Fitness - Tenant Overview


February 1, 2024


Tenant Description

Crunch Fitness, established in 1989 in a basement studio in New York City's East Village, has transformed into a powerhouse in the fitness industry. With over 300 gyms worldwide, Crunch Fitness stands out for its innovative approach to fitness, blending entertainment with exercise. This expansion reflects its success in creating a unique and engaging fitness experience, appealing to a broad demographic.

Crunch Fitness distinguishes itself through its diverse range of classes, state-of-the-art equipment, and commitment to a no-judgments philosophy. This inclusive approach, combined with affordable membership options, caters to a wide range of fitness enthusiasts, from beginners to seasoned athletes. Their focus on creating a fun, supportive environment has been key to building a loyal community of members.

Strategic expansion has been pivotal to Crunch Fitness's growth. The company has embraced a franchise model, which has accelerated its expansion both domestically and internationally. This model allows for rapid scalability and adaptability to different markets, contributing to Crunch Fitness's robust growth trajectory.

In terms of location selection, Crunch Fitness focuses on accessibility and visibility. Gyms are typically situated in high-traffic urban and suburban areas, often in close proximity to residential and commercial districts. This strategic placement ensures convenience for members and maximizes potential foot traffic.

Financially, Crunch Fitness has demonstrated strong performance, underpinned by a growing membership base and successful franchise model. Its financial stability, combined with a proven track record in the fitness industry, makes it an attractive tenant for commercial real estate. The brand's innovative approach to fitness and consistent expansion present significant opportunities for real estate investors and landlords.

Average Asking Cap Rate


3 mo avg (19 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$175 - $325

Building SF

25,000 - 32,500

Approx. Store Count


Lease Term

15 Years



Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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