Skip to main content

Fitness Center

Retro Fitness | 10 Year Lease | 7.25% | Low Rent & Price PSF | Dallas MSA

2524 N Galloway Ave, Mesquite, TX 75150

Listing Price: $3,655,172

Cap Rate
7.25%
Tenant Name
Retro Lease
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
36,874
Lease Type
Double Net
Rent Per Square Feet
$7.19

Investment Overview

Marcus and Millichap is pleased to offer a 36,874 square-foot single tenant Retro Fitness in Mesquite, TX. The offering is inclusive of a 10 Year lease with below market rent of $7.18/PSF. Located within the Dallas Fort-Worth Metro, this property boasts an affluent population of 275,576 residents within 5-mile radius. Dallas MSA is currently the 4th largest MSA in the US with a population of 7.57 million, DFW is on track to become the 3rd largest MSA trailing only Los Angeles and NYC. DFW gained 1,349,378 residents from 2010 to 2019, ranking first among U.S. metro areas. The subject property further benefits from its proximity to Town East Mall with national retailer such as Macy’s, Dicks Sporting Goods, Bed Bath and Beyond, Home Depot, and many more.

Investment Highlights

  • Growing Regional Fitness Concept
  • Excellent Retail Trade Area
  • Business Friendly Climate
  • Strong Real Estate Fundamentals
  • No State Personal Income Tax

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Fitness Center

Retro Fitness | 10 Year Lease | 7.25% | Low Rent & Price PSF | Dallas MSA

Listing Price: $3,655,172

Cap Rate
7.25%
Tenant Name
Retro Lease
Years Remaining On Lease
8.7
Guarantor
Corporate Guarantee
Rentable SF
36,874
Lease Type
Double Net
Rent Per Square Feet
$7.19

Investment Highlights

  • Growing Regional Fitness Concept
  • Excellent Retail Trade Area
  • Business Friendly Climate
  • Strong Real Estate Fundamentals
  • No State Personal Income Tax

Investment Overview

Marcus and Millichap is pleased to offer a 36,874 square-foot single tenant Retro Fitness in Mesquite, TX. The offering is inclusive of a 10 Year lease with below market rent of $7.18/PSF. Located within the Dallas Fort-Worth Metro, this property boasts an affluent population of 275,576 residents within 5-mile radius. Dallas MSA is currently the 4th largest MSA in the US with a population of 7.57 million, DFW is on track to become the 3rd largest MSA trailing only Los Angeles and NYC. DFW gained 1,349,378 residents from 2010 to 2019, ranking first among U.S. metro areas. The subject property further benefits from its proximity to Town East Mall with national retailer such as Macy’s, Dicks Sporting Goods, Bed Bath and Beyond, Home Depot, and many more.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower