Net Lease Health Clubs
Club Studio – Austin, TX
Net Lease Health Clubs Offerings
Club Studio – Austin, TX
1824 W Slaughter Ln,
Austin, TX 78748
- Price:
- $18,092,300
- Cap Rate:
- 6.50%
- NOI:
- $1,176,000
- Rentable SQFT:
- 37,000 SF
- Year Built:
- 2015
- Lot Size:
- 7.72 AC
- Lease Type:
- NNN
- Lease Term:
- 18.5
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Brand New Club Studio Conversion
- Dominant Austin Market Fundamentals
- Corporate-Back Security
- High-Traffic, Affluent Location
The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 37,000-square-foot Club Studio in Austin, Texas. Built in 2015 and set on 7.72 acres, this property is a brand-new conversion from LA Fitness to Club Studio with a $4.56 million landlord-funded renovation allowance. Club Studio is Fitness International’s newest luxury fitness brand, offering boutique studio classes and high-end amenities under one roof. The property is leased to Fitness International, LLC—the parent company of LA Fitness, with 728+ locations and an S&P “B/Stable” rating—under a new 18.5 year lease term extending through 2044, with two additional 5-year options.
Ideally positioned on W. Slaughter Lane with exposure to over 71,000 vehicles per day, the site benefits from exceptional demographics including an average household income of $117,000 within one mile. Just eight miles from downtown Austin, the property is surrounded by dense residential communities and national retailers, ensuring strong long-term demand in one of the fastest-growing markets in the U.S.
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