2701 Halloran St - Health Club FOR SALE


Fort Worth, TX 76107- Western Hills/Ridglea
$17,500,000 USD
805-570-7430
2701 Halloran St, Fort Worth, TX for Sale
$17,500,000 USD
Health Club - FOR SALE
1/5
null | 8% Cap Rate

2701 Halloran St
Fort Worth, TX 76107
Western Hills/Ridglea


HIGHLIGHTS

  • Long-Term Corporate Lease w/ Stability
  • Strategic Location in a Growing College Town
  • Prime Visibility + High Returns

OVERVIEW

The NNN Fitness Group of Marcus & Millichap is pleased to present a freestanding single-tenant 24 Hour Fitness in Fort Worth, Texas, situated on a 3.93-acre lot with high visibility along Interstate 30, benefiting from over 114,000 vehicles per day. This property features over 11 years remaining on a corporate lease with structured rent increases and four 5-year renewal options, providing stable, long-term income with an attractive 8.00% cap rate. The new investor will benefit from below-market-rate assumable financing offering double digit cash-on-cash returns. Located just 4.5 miles from Texas Christian University and 5.5 miles from downtown Fort Worth, the property is surrounded by a growing population of nearly 292,000 residents within five miles, supported by robust average household incomes exceeding $95,000 within three miles. The retail corridor, anchored by national and local retailers, sees consistent consumer traffic, while nearby developments like the 401-unit Jefferson Ridglea Village apartments further enhance the area’s growth and demand for fitness services. This prime investment opportunity combines exceptional location, strong tenant performance, and attractive financial returns.

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$414 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

24 Hour Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

237

LAND DETAILS

LAND ACRES

3.93 AC

LAND SF

171,356 SF

ZONING

E

APN/PARCEL ID

42127261

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.