Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 36,874 square-foot single-tenant Retro Fitness located in Mesquite, TX. The property is leased to Lift RF Texas, LLC with 8 years remaining on a NN lease, featuring structured rent increases and a low rent PSF of $7.50/SF well below market. With its low rent basis, high-traffic location, and proximity to major retailers, this offering provides a compelling investment opportunity in one of the fastest-growing markets in the country. This investment is further strengthened by the lease being backed by BlackRock, one of the largest and most respected asset managers in the world. The tenant is part of Retro Fitness’s strategic expansion under Project LIFT, an initiative to open 500 clubs in underserved communities, with Lift RF Texas leading the charge across the Dallas-Fort Worth market. Strategically located in the thriving Dallas–Fort Worth metroplex the 4th largest MSA in the U.S. with a population of 7.9 million the property is surrounded by a dense population of over 279,000 residents within a 5-mile radius. Situated just one mile from Town East Mall, the site benefits from strong visibility and traffic, with nearby national retailers including Macy’s, Dick’s Sporting Goods, Home Depot, and others.