19550 Restaurant Row - Freestanding FOR SALE


Houston, TX 77084
$11,667,850 USD
805-570-7430
19550 Restaurant Row, Houston, TX for Sale
$11,667,850 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

19550 Restaurant Row
Houston, TX 77084


HIGHLIGHTS

  • Long-Term Investment Opportunity
  • Prime Location in Thriving Market
  • Corporate-Backed Security
  • Top Performing Location & Built-in Customer Base
  • S&P Upgrade “B/Stable” Rating

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 45,000-square-foot LA Fitness in Houston, Texas. The property is leased to Fitness International, LLC (LA Fitness), the largest non-franchised health club operator in North America with 728+ locations and an S&P “B/Stable” rating. In 2020, LA Fitness executed a new 15-year lease extension, securing tenancy through October 31, 2035, with three additional 5-year options. Built in 2005, the property sits on 3.78 acres with ±294 parking spaces and ranks in the top 12% of all U.S. fitness centers. Ideally positioned along I-10 with 229,000+ VPD, the site is surrounded by major national retailers including H-E-B, Lowe’s, Kohl’s, At Home, Ashley Furniture, and more. With a five-mile population of 258,662 and average household income of $104,544, this location benefits from strong demographics and a built-in customer base supported by new luxury residential development nearby.

FOR SALE DETAILS

PRICE

$11,667,850 USD

PRICE/SF

$259 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness | Houston, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

294

LAND DETAILS

LAND ACRES

3.78 AC

LAND SF

164,657 SF

ZONING

F1

APN/PARCEL ID

1153930000046

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.