Health Clubs Offerings
24 Hour Fitness – Fairview, TX
329 Town Place
Fairview, TX 75069
- Cap Rate:
- Rentable SQFT:
- 37,000 SF
- Year Built:
- Lot Size:
- 4.59 Acres
- Lease Type:
- Type of Ownership:
- Fee Simple
- Under Contract
- Brand New Super-Sport Prototype
- 15 Year Lease With Structured Increase
- Outstanding North Dallas Demographics
Marcus & Millichap is pleased to present this rare opportunity to purchase a brand new, fee-simple 24 Hour Fitness Super-Sport located in Fairview, Texas, which is located within the Dallas–Fort Worth metroplex. The offering is a 37,000-square-foot state-of-the-art facility positioned just off NEC Highway 75 and Stacy Road, with over 188,700+ combined traffic counts. The property is located within Fairview Town Center, an expansive shopping center that is the shopping, dining and entertainment destination for Fairview, Allen, and McKinney, Texas. The shopping center features Whole Foods , Dillard’s, JCPenney, Macy’s, iPic Theaters, Old Navy, The Container Store and nine restaurants.
24 Hour Fitness executed a brand new 15-year NNN lease in 2019 with (3) five-year options, with 10% increases every 5 years, including option periods.
The Dallas-Fort Worth metroplex is the largest metro area in Texas and the fourth largest in the United States. The Metroplex is home to more than 6.3 million residents and has one of the nation’s strongest job markets. The Metroplex led the nation in population growth over the last decade, adding approximately 1.3 million residents. The Dallas-Fort Worth metroplex added approximately 120,000 residents from 2019 to 2020. and continues to be one of the fastest-growing metropolitan locations in the United States.
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