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Fitness Center

LA Fitness | New 15 Year Lease

5901 Golden Triangle Boulevard, Fort Worth, TX 76244

Listing Price: $11,181,000

Cap Rate
6.15%
Tenant Name
LA Fitness
Years Remaining On Lease
14.8
Gross SF
43,801
Guarantor
Corporate Guarantee
Rentable SF
43,801
Price/Gross SF
$255.27
Lease Type
Double Net
Rent Per Square Feet
$15.70

Investment Overview

Located in the heart of DFW on Golden Triangle Blvd & Route 377, the property benefits from traffic counts exceeding 50,000 VPD. The property boasts a population of 220,000+ within 5 miles and an average household income exceeding $126,000.

Investment Highlights

  • DFW is the Fastest Growing Metro in the US with over 1,230,000 new residents from 2010-2019; expected to be third largest in US by 2029 behind only NYC and LA.
  • This former 24 Hour Fitness Super Sport Facility is currently undergoing an extensive renovation with over $650,000 of improvements.
  • LA Fitness has just executed a brand new 15 Year lease with scheduled increases offering a hedge against inflation.
  • LA Fitness has maintained their #1 position atop the Club Industry top 100 list the last 8 years in a row. They have consolidated and improved their national footprint while reducing rents and capturing market share.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    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

Listing Price: $11,181,000

Cap Rate
6.15%
Tenant Name
LA Fitness
Years Remaining On Lease
14.8
Gross SF
43,801
Guarantor
Corporate Guarantee
Rentable SF
43,801
Price/Gross SF
$255.27
Lease Type
Double Net
Rent Per Square Feet
$15.70

Investment Highlights

  • DFW is the Fastest Growing Metro in the US with over 1,230,000 new residents from 2010-2019; expected to be third largest in US by 2029 behind only NYC and LA.
  • This former 24 Hour Fitness Super Sport Facility is currently undergoing an extensive renovation with over $650,000 of improvements.
  • LA Fitness has just executed a brand new 15 Year lease with scheduled increases offering a hedge against inflation.
  • LA Fitness has maintained their #1 position atop the Club Industry top 100 list the last 8 years in a row. They have consolidated and improved their national footprint while reducing rents and capturing market share.

Investment Overview

Located in the heart of DFW on Golden Triangle Blvd & Route 377, the property benefits from traffic counts exceeding 50,000 VPD. The property boasts a population of 220,000+ within 5 miles and an average household income exceeding $126,000.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    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

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