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LA Fitness – San Antonio, TX

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LA Fitness – San Antonio, TX

522 TX-1604 Loop,

San Antonio, TX 78251

Price:
$10,368,892
Cap Rate:
6.50%
NOI:
$673,978
Rentable SQFT:
37,000 SF
Year Built:
2016
Lot Size:
5.50 AC
Lease Type:
NNN
Type of Ownership:
Fee Simple
Status:
Under Contract

Investment Highlights

  • Zero Landlord Responsibilities
  • Primary Retail Arterial
  • Strong Demographics
  • Top Performing Health Club Chain
  • Major Recapitalization – Moody’s 06/01/21
  • No State Personal Income Tax

The NNN Fitness Group of Marcus & Millichap is pleased to offer a 37,000 square-foot single-tenant LA Fitness in San Antonio, TX. The offering features a 12 year NNN lease with structured increases every five years. The facility features state-of-the-art equipment, group fitness classes, indoor cycling, a basketball court, a spa, and an indoor pool. The property benefits from excellent exposure to a combined 63,940 vehicles per day along W. Loop 1604 and Potranco Road. The property boasts a concentrated and affluent population featuring 93,125 residents within three miles with an annual household income of $92,034.

 

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  • Confidentiality and Disclaimer

    The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

Email & Bio »

Timothy Speck

Broker of Record

License: 432723