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Fitness Center

LA Fitness | San Antonio TX | Rare NNN Lease | 12.65 Yrs Lease Term Remaining

522 TX-1604 Loop, San Antonio, TX 78251

Listing Price: $11,825,704

Cap Rate
5.75%
Tenant Name
Esporta Fitness
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
37,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.22

Investment Overview

The NNN Fitness Group of Marcus & Millichap is pleased to offer a 37,000 square-foot single-tenant LA Fitness in San Antonio, TX. The offering features a 12+ year NNN lease with structured increases every five years. The facility features state-of-the-art equipment, group fitness classes, indoor cycling, a basketball court, a spa, and an indoor pool. The property benefits from excellent exposure to a combined 63,940 vehicles per day along W. Loop 1604 and Potranco Road. The property boasts a concentrated and affluent population featuring 93,125 residents within three miles with an annual household income of $92,034.

Investment Highlights

  • Zero Landlord Responsibilities
  • Primary Retail Arterial
  • Strong Demographics
  • Top Performing Health Club Chain
  • Major Recapitalization - Moody's 06/01/21
  • No State Personal Income Tax

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Fitness Center

LA Fitness | San Antonio TX | Rare NNN Lease | 12.65 Yrs Lease Term Remaining

Listing Price: $11,825,704

Cap Rate
5.75%
Tenant Name
Esporta Fitness
Years Remaining On Lease
12.6
Guarantor
Corporate Guarantee
Rentable SF
37,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.22

Investment Highlights

  • Zero Landlord Responsibilities
  • Primary Retail Arterial
  • Strong Demographics
  • Top Performing Health Club Chain
  • Major Recapitalization - Moody's 06/01/21
  • No State Personal Income Tax

Investment Overview

The NNN Fitness Group of Marcus & Millichap is pleased to offer a 37,000 square-foot single-tenant LA Fitness in San Antonio, TX. The offering features a 12+ year NNN lease with structured increases every five years. The facility features state-of-the-art equipment, group fitness classes, indoor cycling, a basketball court, a spa, and an indoor pool. The property benefits from excellent exposure to a combined 63,940 vehicles per day along W. Loop 1604 and Potranco Road. The property boasts a concentrated and affluent population featuring 93,125 residents within three miles with an annual household income of $92,034.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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