HIGHLIGHTS
- Leased by Fitness International, LLC, the Parent Company of LA Fitness With 639 Locations
- Signature Club Is the Premium Tier of LA Fitness
- 9.5 Years Remaining on 15-Year Initial Lease
- $1.50 PSF Increases Every 5 Years (Next Increase Is 7.9% in October 2030)
- Ranked #1 on the “Most Successful Gyms in America”
- Largest Full-Service Gym by Locations
OVERVIEW
9.5 Years Remaining on Initial 15-Year Lease | Signature Club is the Premium Tier of LA Fitness | Largest Full-Service Gym by Locations | #1 Most Trafficked Location in Houston; #2 in Texas (Placer.ai) | Nearby Costco, H-E-B, Target, Hobby Lobby, Ross Dress for Less and Sprouts @ Waterview Town Center | Affluent Growing Demos; $135,000 AHHI; Projected 15% Population Growth
FOR SALE DETAILS
PRICE
$13,250,000 USD
PRICE/SF
$282 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
LA Fitness | Richmond, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.91 AC
LAND SF
213,880 SF
ZONING
YQ
APN/PARCEL ID
0062-00-000-4020-907
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844-585-7674
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