Health Clubs
Retro Fitness – Richardson, TX
Health Clubs Offerings
Retro Fitness – Richardson, TX
1301 E Belt Line Rd
Richardson, TX 75081
- Price:
- $4,518,000
- Cap Rate:
- 7.00%
- NOI:
- $316,260
- Rentable SQFT:
- 26,120 SF
- Year Built:
- 2015
- Lot Size:
- 3.43 AC
- Lease Type:
- NNN*
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Long Term Lease w/ Approved Carveout
- Growing Regional Fitness Concept
- Thriving Retail-Centric DFW Location
The NNN Fitness Group of Marcus & Millichap is pleased to present a 26,120-square-foot single-tenant Retro Fitness in Richardson, TX. The offering is inclusive of 10.75 years remaining on the initial lease term with a 10% increase in 5 years. The offering also includes a tenant-approved .60-acre carveout along E Belt Line Rd. primed for development. Located in the Dallas Fort-Worth Metro, this property boasts an affluent population of 351,031 residents within a 5-mile radius with an average household income of $92,058.
Dallas MSA is currently the 4th largest MSA in the US with a population of 7.57 million, DFW is on track to become the 3rd largest MSA trailing only Los Angeles and NYC. DFW gained 1,349,378 residents from 2010 to 2019, ranking first among U.S. metro areas.
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