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Fitness Center

24 Hour Fitness

2701 Halloran St, Fort Worth, TX 76107

Listing Price: $16,470,500

Cap Rate
8.50%
Tenant Name
24 Hour Fitness USA, LLC
Years Remaining On Lease
13.3
Guarantor
Corporate Guarantee
Rentable SF
42,267
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.12

Investment Overview

Marcus and Millichap is pleased to offer a 42,267 square-foot single-tenant 24 Hour Fitness in Fort Worth, Texas, one of the fastest growing cities in the United States. The offering features a 13+ year NNN lease with a rare initial 8.50% cap rate and double digit cash-on-cash returns. The property benefits from excellent exposure to a combined 72,841 vehicles per day along Interstate 30 and Horne Street. The property boasts a three mile population of 93,784 residents with an annual household income of $92,583.

Investment Highlights

  • Irreplaceable Location w/ Double Digit Cash-on-Cash Returns
  • Strong Demographics | Freeway Frontage
  • Corporate Long Term Lease With Structured Increases
  • Outstanding Location

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

24 Hour Fitness

Listing Price: $16,470,500

Cap Rate
8.50%
Tenant Name
24 Hour Fitness USA, LLC
Years Remaining On Lease
13.3
Guarantor
Corporate Guarantee
Rentable SF
42,267
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$33.12

Investment Highlights

  • Irreplaceable Location w/ Double Digit Cash-on-Cash Returns
  • Strong Demographics | Freeway Frontage
  • Corporate Long Term Lease With Structured Increases
  • Outstanding Location

Investment Overview

Marcus and Millichap is pleased to offer a 42,267 square-foot single-tenant 24 Hour Fitness in Fort Worth, Texas, one of the fastest growing cities in the United States. The offering features a 13+ year NNN lease with a rare initial 8.50% cap rate and double digit cash-on-cash returns. The property benefits from excellent exposure to a combined 72,841 vehicles per day along Interstate 30 and Horne Street. The property boasts a three mile population of 93,784 residents with an annual household income of $92,583.

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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