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VOLLI – North Richland Hills, TX

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VOLLI – North Richland Hills, TX

6635 NE Hwy 820

North Richland Hills, TX 76180

Price:
$10,388,000
Cap Rate:
7.50%
NOI:
$779,112
Rentable SQFT:
62,329 SF
Year Built:
1993/2024
Lot Size:
6.09 AC
Lease Type:
Absolute NNN
Type of Ownership:
Fee Simple
Status:
Under Contract

Investment Highlights

  • Brand New Long-Term Absolute NNN Lease
  • Growing Regional Sport Concept
  • Highly Successful Operator
  • Outstanding Dallas-Fort Worth Submarket
  • Dominant Freeway Access & Visibility
  • Nearby Significant Economic Development Projects

The NNN Fitness Group of Marcus & Millichap is pleased to present this fee-simple opportunity to acquire a pickleball & entertainment facility in North Richland Hills, TX offering below market rent and custom buildout by the Tenant. VOLLI is a proven indoor pickleball & eatertainment concept with multiple locations already operating. This will be the first in the Dallas-Fort Worth MSA; Positioned right off Interstate 820, it allows easy access and excellent visibility to over 150K vehicles per day. The offering features a brand new 15-year Absolute NNN lease with 2.50% annual increases throughout the term and in each renewal option.

North Richland Hills, Texas, within the Dallas-Fort Worth metro, is known for rapid growth and a diverse economy spanning retail, healthcare, tech, and manufacturing. Major employers like Sabre Corporation, Galderma Laboratories, and BNSF Railway anchor the city’s job market and economic stability. North Richland Hills is the third most populous city in Tarrant County. VOLLI is well positioned to serve a densely populated area, with more than 286,907 residents earning and average household income exceeding $95K within a 5-mile area. Moreover, the Dallas-Fort Worth area is emerging as one of the fastest growing MSA areas in the U.S.

 

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    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 »

Jake Bordelon

First Vice President Investments

858-373-3133

Email & Bio »

Timothy Speck

Broker of Record

License: 9002994