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Fitness Center

Fitness Connection & O’Reilly’s (Hub Store) | New 15 Year Leases

7355 Hwy 6, Houston, TX 77083

Listing Price: $19,344,400

Cap Rate
6.50%
Tenant Name
Fitness Connection, O'Reilly Auto Parts
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
109,609
Lease Type
Double Net
Rent Per Square Feet
$11.47

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for Fitness Connection and O’Reilly Auto Parts located in Houston, Texas. The two tenants have both signed on to new 15-year leases showing their dedication to this location. The offering consists of 109,609 square feet of space situated on approximately 7.6 acres of land. Constructed in 1992, the asset features a recent, extensive renovation including buildouts along with a new roof, completed in 2021. Fitness Connection is a market leader in the highly sought after HVLP 2.0 segment of the fitness industry. These clubs offer the full range of amenities and services of a full-service premium club for as low as $10/month. This specific location ranks in the top 10 of the Fitness Connection chain and top 98% of all clubs nationwide according to Placer.Ai data. O’Reillys, an investment grade tenant, currently operates over 5,710 locations with annual revenues exceeding $7.9 billion. They currently hold a rating of BBB+ with S&P and have seen their stocks soar to 26% in the trailing 6 months. This location serves as a Hub carrying 4x the inventory of a typical store and acts as a mini distribution hub to the surrounding locations. As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of 9 counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth.

Investment Highlights

  • Investment Grade Critical Hub Location
  • Top Operator in Texas
  • New Long Term, Low Rent Leases
  • Freshly Renovated With Roof Warranty

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Fitness Center

Fitness Connection & O’Reilly’s (Hub Store) | New 15 Year Leases

Listing Price: $19,344,400

Cap Rate
6.50%
Tenant Name
Fitness Connection, O'Reilly Auto Parts
Years Remaining On Lease
14.2
Guarantor
Corporate Guarantee
Rentable SF
109,609
Lease Type
Double Net
Rent Per Square Feet
$11.47

Investment Highlights

  • Investment Grade Critical Hub Location
  • Top Operator in Texas
  • New Long Term, Low Rent Leases
  • Freshly Renovated With Roof Warranty

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for Fitness Connection and O’Reilly Auto Parts located in Houston, Texas. The two tenants have both signed on to new 15-year leases showing their dedication to this location. The offering consists of 109,609 square feet of space situated on approximately 7.6 acres of land. Constructed in 1992, the asset features a recent, extensive renovation including buildouts along with a new roof, completed in 2021. Fitness Connection is a market leader in the highly sought after HVLP 2.0 segment of the fitness industry. These clubs offer the full range of amenities and services of a full-service premium club for as low as $10/month. This specific location ranks in the top 10 of the Fitness Connection chain and top 98% of all clubs nationwide according to Placer.Ai data. O’Reillys, an investment grade tenant, currently operates over 5,710 locations with annual revenues exceeding $7.9 billion. They currently hold a rating of BBB+ with S&P and have seen their stocks soar to 26% in the trailing 6 months. This location serves as a Hub carrying 4x the inventory of a typical store and acts as a mini distribution hub to the surrounding locations. As the fifth most populous metro area in the U.S., Houston houses nearly 6.9 million people in southeastern Texas. The market is composed of 9 counties: Harris, Galveston, Brazoria, Fort Bend, Chambers, Montgomery, Austin, Liberty and Waller. Houston’s economy has diversified in recent years, with the healthcare and technology sectors showing strong growth.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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