Health Clubs Offerings
LA Fitness – Katy, TX
19550 Restaurant Row
Katy, TX, 77084
- Cap Rate:
- Rentable SQFT:
- 45,000 SF
- Year Built:
- Lot Size:
- 3.78 Acres
- Lease Type:
- Type of Ownership:
- Fee Simple
- Under Contract
- Recent 15-Year Extension:
LA Fitness recently executed a new 15-year extension in 2020 demonstrating their long-term success and commitment to this location. Additionally, the tenant received $500,000 in tenant Improvement allowance to further enhance the property and amenities.
- Low Rent & Occupancy Cost:
Rent at the subject property was lowered by approximately 30% when the lease was extended further enhancing the profitability of the Tenant and long-term security for the Landlord.
- Excellent Demographics:
Located only 23 miles from Houston Metro, this property boasts a three-mile population of 115,923 residents with an average household income of $109,443.
- Top Performing Health Club Chain:
LA Fitness is the largest and one of the fastest-growing non-franchised fitness club operators with over 744+ health club locations in the United States and Canada.
- Major Recapitalization – Moody’s 06/01/21:
Fitness International, LLC recently joined forces with several large equity partners in a major recapitalization effort to take advantage of growth opportunities – major recent capital raise from equity partners; Fitness International’s current total liquidity is about $730M (Moody’s).
The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase a free-standing 45,000 SF La Fitness located in Katy, Texas. LA Fitness executed a new 15-year extension in 2020 demonstrating their long-term success and commitment to this location. Situated only 23 miles East of Houston this property boasts a 3-mile population of 115,923, with an average household income of $109,443. The property benefits from its proximity to adjacent national and local retailers including Ashley Furniture, At Home, H-E-B, Kohl’s, Panera Bread, Massage Envy, Applebee’s, Lowe’s, Home Depot, Hobby Lobby, The Vitamin Shoppe, and many more.
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