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Fitness Center

LA Fitness | S&P 'B' Stable | Recent Extension | Healthy Rent & Price Point | Houston, TX

19550 Restaurant Row, Houston, TX 77084

Listing Price: $11,423,077

Cap Rate
6.50%
Tenant Name
LA Fitness
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
45,000
Lease Type
Double Net
Rent Per Square Feet
$16.50

Investment Overview

Marcus and Millichap is pleased to offer this rare opportunity to purchase a freestanding 45,000 SF LA Fitness in Houston, TX. LA Fitness executed a new 15-year extension in 2020 demonstrating their long-term success and commitment to this location. Situated only 23 miles east of Houston this property boasts a 5-mile population of 263,512, with an average household income of $107,521.

The property benefits from its proximity to adjacent national and local retailers including Ashley Furniture, At Home, H-E-B, Kohl’s, Panera Bread, Massage Envy, Applebee’s, Lowe’s, Home Depot, Hobby Lobby, The Vitamin Shoppe, and many more.

Investment Highlights

  • Recent 15-Year Extension W/ Upcoming Rental Increase
  • Low Rent & Price Per/SF
  • Top Performing Health Club Chain
  • S&P Upgrade "B/Stable" Rating
  • Excellent Demographics

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 | S&P 'B' Stable | Recent Extension | Healthy Rent & Price Point | Houston, TX

Listing Price: $11,423,077

Cap Rate
6.50%
Tenant Name
LA Fitness
Years Remaining On Lease
11.6
Guarantor
Corporate Guarantee
Rentable SF
45,000
Lease Type
Double Net
Rent Per Square Feet
$16.50

Investment Highlights

  • Recent 15-Year Extension W/ Upcoming Rental Increase
  • Low Rent & Price Per/SF
  • Top Performing Health Club Chain
  • S&P Upgrade "B/Stable" Rating
  • Excellent Demographics

Investment Overview

Marcus and Millichap is pleased to offer this rare opportunity to purchase a freestanding 45,000 SF LA Fitness in Houston, TX. LA Fitness executed a new 15-year extension in 2020 demonstrating their long-term success and commitment to this location. Situated only 23 miles east of Houston this property boasts a 5-mile population of 263,512, with an average household income of $107,521. The property benefits from its proximity to adjacent national and local retailers including Ashley Furniture, At Home, H-E-B, Kohl’s, Panera Bread, Massage Envy, Applebee’s, Lowe’s, Home Depot, Hobby Lobby, The Vitamin Shoppe, and many more.

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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