3105 William D Tate Ave - Health Club FOR SALE
Grapevine, TX 76051 |
3105 William D Tate Ave
Grapevine, TX 76051
HIGHLIGHTS
- Corporate lease, the largest operator of rock-climbing gyms in the US with 32 locations
- Location features: 50-foot-high rope climbing walls, Extensive bouldering terrain, Complete fitness facilities, and Dedicated yoga studio
- 15-year original lease commenced in April 2023, 14 years of firm term remaining and scheduled 2.00% annual rental increases
- 4 (5-Year) Renewal Options with 2.00% annual rental increases
- Double-net Lease (Landlord responsibilities limited to roof repair, maintenance, and replacement)
- High-traffic site facing 2 major highways (State Highways 360 & 121)
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Movement Climbing, Yoga & Fitness
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
TOTAL BUILDING SIZE
36000
STORIES
3
YEAR BUILT
2022
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
42819669
