4900 W University Dr - Retail FOR SALE
Prosper, TX 75078 |
$11,828,160 USD
949-662-2252
4900 W University Dr
Prosper, TX 75078
HIGHLIGHTS
- Structured Rental Escalations: Base rent increases every five years, including within option terms, providing a predictable and growing income stream.
- NN+ Lease Structure: Long term lease with minimal landlord responsibilities, offering passive cash flow and operational simplicity.
- Institutional-Quality Tenant: LA Fitness operates over 700 locations nationwide with more than 35 years of operational history.
- E-Commerce Resilient Use: Fitness centers are inherently resistant to online disruption, offering experiential, service-based uses.
- Top-Performing Location: According to Placer.ai, this LA Fitness ranks as the #1 location in the Dallas–Fort Worth Metroplex for foot traffic.
FOR SALE DETAILS
PRICE
$11,828,160 USD
PRICE/SF
$320 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
LA Fitness
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
250
LAND DETAILS
LAND ACRES
4.08 AC
LAND SF
177,855 SF
ZONING
C (Commercial)
APN/PARCEL ID
R752740
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949-662-2252
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949-662-2252
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
