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Fitness Center

Retro Fitness | Long Term Lease | 7.00% Cap | W/ Outparcel Carveout | Excellent Visibility | DFW MSA

1301 E Belt Line Rd, Richardson, TX 75081

Listing Price: $4,518,000

Cap Rate
7.00%
Tenant Name
Retro Fitness
Years Remaining On Lease
10.5
Guarantor
Franchisee Guarantee
Rentable SF
26,120
Lease Type
Double Net
Rent Per Square Feet
$12.11

Investment Overview

Marcus & Millichap is pleased to present a 26,120-square-foot single-tenant Retro Fitness in Richardson, TX. The offering is inclusive of 10.75 years remaining on the initial lease term with a 10% increase in 5 years. The offering also includes a tenant-approved .60-acre carveout along E Belt Line Rd. primed for development. Located in the Dallas Fort-Worth Metro, this property boasts an affluent population of 351,031 residents within a 5-mile radius with an average household income of $92,058.

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.

Investment Highlights

  • Long Term Lease w/ Approved Carveout
  • Growing Regional Fitness Concept
  • Thriving Retail-Centric DFW 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

Retro Fitness | Long Term Lease | 7.00% Cap | W/ Outparcel Carveout | Excellent Visibility | DFW MSA

Listing Price: $4,518,000

Cap Rate
7.00%
Tenant Name
Retro Fitness
Years Remaining On Lease
10.5
Guarantor
Franchisee Guarantee
Rentable SF
26,120
Lease Type
Double Net
Rent Per Square Feet
$12.11

Investment Highlights

  • Long Term Lease w/ Approved Carveout
  • Growing Regional Fitness Concept
  • Thriving Retail-Centric DFW Location

Investment Overview

Marcus & Millichap is pleased to present a 26,120-square-foot single-tenant Retro Fitness in Richardson, TX. The offering is inclusive of 10.75 years remaining on the initial lease term with a 10% increase in 5 years. The offering also includes a tenant-approved .60-acre carveout along E Belt Line Rd. primed for development. Located in the Dallas Fort-Worth Metro, this property boasts an affluent population of 351,031 residents within a 5-mile radius with an average household income of $92,058. 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.

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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