847-345-6681
1131 W Arbrook Blvd, Arlington, TX for Sale
Health Club - FOR SALE
1/5
null | Request Cap Rate

1131 W Arbrook Blvd
Arlington, TX 76015


HIGHLIGHTS

  • The current 24 Hour Fitness is sitting at a significantly below market rent at $12 Rent PSF. Current Market rents are between $18-$22 Rent PSF.
  • The 24-hour fitness sits on a large 5.7 AC and is zoned CC (Community Commercial), Which allows for most retail uses.
  • The zoning also allows for a Hotel and Convention Center.
  • The 24-hour fitness sits across from the Arlington Mall and many other tenants nearby, including Target, Macy’s, Costco, Lowe’s, Burlington, etc
  • The Parks Mall at Arlington ranks as one of the most visited Malls in the country (7.9 Million visits per year).

OVERVIEW

The 24-hour has 1.5 years of term left with rent bumps every 6 months till the end of the lease, allowing the new owner to either find a tenant to backfill the space or go through the process of Re-zoning the site for the desired use.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Hour Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.73 AC

LAND SF

249,599 SF

ZONING

-

APN/PARCEL ID

06832628

ASK ABOUT THIS PROPERTY

Patrick TupaStream Capital PartnersMore Info
847-345-6681

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Patrick TupaStream Capital PartnersMore Info
847-345-6681

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