Investment Overview

Marcus & Millichap is pleased to present this exclusive opportunity to purchase a brand new, build-to-suit Texas Family Fitness in Frisco, TX. The offering includes 31,699 square-foot modern facility designed for DFW’s premier health club operator Texas Family Fitness. The lease features 16-year initial term with three, five-year options to extend and 10% increases at each renewal period along with a Fair Market adjustment to rent on the first option. The property is located within The Three Corners Plaza, a 90K square-foot shopping center featuring multiple national retailers including, UPS, Planet Smoothie, Taco Bell and many more. With nearly 165,000 population and over $170K+ Average Household Income in a 5-mile radius, the subject property is surrounded by high- end residential communities and commercial developments with a projected 15% population growth in the next 5 years. Frisco was the fastest-growing city in the United States in 2017, and its population was over 200,000 in 2020. Frisco is a part of the Dallas/Fort Worth Metroplex, the most populous metro in both Texas and Southern United States, with an aggregate of nearly 7.7 million residents. It is the economic and cultural hub of North Texas, and strong job gains continually draw new residents to the region. As of 2022 Dallas-Fort Worth is home to 23 Fortune 500 and 44 Fortune 1000 companies, including Exxon Mobil, McKesson and AT&T. The DFW Metroplex has the 4th highest concentration of Fortune 500 headquarters in the U.S. With a favorable business climate, DFW trailed only SF, NYC and DC as the top MSA’s for tech talent.