1824 W Slaughter Ln - Health Club FOR SALE


Austin, TX 78748- South Austin
$18,092,300 USD
805-570-7430
1824 W Slaughter Ln, Austin, TX for Sale
$18,092,300 USD
Health Club - FOR SALE
1/8
null | 6.5% Cap Rate

1824 W Slaughter Ln
Austin, TX 78748
South Austin


HIGHLIGHTS

  • Brand New Club Studio Conversion
  • Dominant Austin Market Fundamentals
  • Corporate-Back Security
  • High-Traffic, Affluent Location

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 37,000-square-foot Club Studio in Austin, Texas. Built in 2015 and set on 7.72 acres, this property is a brand-new conversion from LA Fitness to Club Studio with a $4.56 million landlord-funded renovation allowance. Club Studio is Fitness International’s newest luxury fitness brand, offering boutique studio classes and high-end amenities under one roof. The property is leased to Fitness International, LLC—the parent company of LA Fitness, with 728+ locations and an S&P “B/Stable” rating—under a new 18.5 year lease term extending through 2044, with two additional 5-year options. Ideally positioned on W. Slaughter Lane with exposure to over 71,000 vehicles per day, the site benefits from exceptional demographics including an average household income of $117,000 within one mile. Just eight miles from downtown Austin, the property is surrounded by dense residential communities and national retailers, ensuring strong long-term demand in one of the fastest-growing markets in the U.S.

FOR SALE DETAILS

PRICE

$18,092,300 USD

PRICE/SF

$401 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Club Studio (LA Fitness Corporate)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.72 AC

LAND SF

336,283 SF

ZONING

-

APN/PARCEL ID

861458

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.