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
1/7
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 bring to market a 37,000 square-foot Club Studio located in Austin, Texas. The property is secured by a brand new 18-year lease with Fitness International, LLC, providing long-term stability with built-in 10% rental increases every five years, as well as two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness, with a grand opening scheduled for August 2026, allowing investors to acquire a newly repositioned facility backed by Fitness International, which operates 700+ locations nationwide and maintains an S&P credit rating of B/Positive. Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy.

FOR SALE DETAILS

PRICE

$18,092,300 USD

PRICE/SF

$401 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

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

2007

SPRINKLERS

-

PARKING SPACES

259

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.