2524 N Galloway Ave - Freestanding FOR SALE


Mesquite, TX 75150- Greater Mesquite
$3,687,400 USD
805-570-7430
2524 N Galloway Ave, Mesquite, TX for Sale
$3,687,400 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

2524 N Galloway Ave
Mesquite, TX 75150
Greater Mesquite


HIGHLIGHTS

  • Growing Regional Fitness Concept
  • Excellent Retail Trade Area
  • Strong Real Estate Fundamentals

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 36,874 square-foot single-tenant Retro Fitness located in Mesquite, TX. The property is leased to Lift RF Texas, LLC with 8 years remaining on a NN lease, featuring structured rent increases and a low rent PSF of $7.50/SF well below market. With its low rent basis, high-traffic location, and proximity to major retailers, this offering provides a compelling investment opportunity in one of the fastest-growing markets in the country. This investment is further strengthened by the lease being backed by BlackRock, one of the largest and most respected asset managers in the world. The tenant is part of Retro Fitness’s strategic expansion under Project LIFT, an initiative to open 500 clubs in underserved communities, with Lift RF Texas leading the charge across the Dallas-Fort Worth market. Strategically located in the thriving Dallas–Fort Worth metroplex the 4th largest MSA in the U.S. with a population of 7.9 million the property is surrounded by a dense population of over 279,000 residents within a 5-mile radius. Situated just one mile from Town East Mall, the site benefits from strong visibility and traffic, with nearby national retailers including Macy’s, Dick’s Sporting Goods, Home Depot, and others.

FOR SALE DETAILS

PRICE

$3,687,400 USD

PRICE/SF

$100 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Retro Fitness | Mesquite, TX

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

181

LAND DETAILS

LAND ACRES

4.08 AC

LAND SF

177,725 SF

ZONING

Z97

APN/PARCEL ID

38159700010010000

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 Policy.