Health Clubs Offerings
LA Fitness – Plano, TX
3701 W. President George Bush Highway
Plano, TX, 75075
- Cap Rate:
- Rentable SQFT:
- 45,000 SF
- Year Built:
- Lot Size:
- 5.15 Acres
- Lease Type:
- Type of Ownership:
- Fee Simple
- Under Contract
NEWLY EXECUTED LEASE EXTENSION:
Fitness International recently executed a new 17 year lease extension commencing May 1st, 2021 and running through April 30th, 2038 including structured 10% rent increases. This new lease amendment demonstrates the Tenant’s strong commitment to this location and long term confidence in the surrounding trade area.
EXTREMELY LOW RENT & PRICE POINT:
With a new rent schedule beginning at only $10.50/SF for this 45,000 square foot prototype facility on an oversized 5.15 acre lot, this location offers strong intrinsic value and low price per foot in one of the strongest markets in the country providing safety and security for the new Landlord.
ZERO LANDLORD RESPONSIBILITIES:
The subject property benefits from a rare NNN lease with the Tenant paying all expenses directly including property taxes and insurance making this investment a true ‘coupon clipper’ for passive investors.
TREMENDOUS FREEWAY FRONTAGE & EXPOSURE:
This strategic location features dominant freeway visibility and exposure to a combined 174,981 vehicles per day on President George Bush Turnpike and Coit Road. The property benefits from strong synergy with surrounding hotels, apartment complexes and many national retailers including Central Market – an American Gourmet grocery store chain owned by H-E-B.
EXPLOSIVE GROWTH MARKET:
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.
NUMBER ONE HEALTH CLUB CHAIN:
LA Fitness has 730+ locations nation wide and 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.
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