So that Stingrays location moved from Johns Creek to Cumming? That puts them extremely close to ATA, like 3 miles apart. I’m pretty sure there’s another gym in that 3 mile radius, Twisters, if they’re still around. 3 gyms serving one small city? Not sure how that even works.
If that JC location is any smaller, that could help explain why.
Again, I know nothing about the JC move. I just Googled the two addresses and saw the JC location was leased and the Cumming address was purchased.
Assuming....According to Xome, the JC location dollar per sq ft went from $169 to $221 since April of LY. On that 19,180 sq ft building, that translates into almost a $1M, or a 30.7%, valuation increase in one year. Landlords around Atlanta have been writing 20-30% increases in hot areas. Again, I'm assuming, I have no idea why they moved, but Cumming is growing, and a much more reasonable buying/leasing market than JC.
<Xome>