7007 Arapaho Rd - Health Club FOR SALE


Dallas, TX 75248- Prestonwood
$20,000,000 USD
949-431-2734
7007 Arapaho Rd, Dallas, TX for Sale
$20,000,000 USD
Health Club - FOR SALE
1/3
null | 5.75% Cap Rate

7007 Arapaho Rd
Dallas, TX 75248
Prestonwood


HIGHLIGHTS

  • One-of-a-Kind Dallas Opportunity
  • 20-Year Absolute NNN Sale-Leaseback
  • Top Ranking Healthclub Operator

OVERVIEW

• Sale-Leaseback: Single-Tenant Club Studio ° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.] ° Rare, Absolute NNN Lease. No landlord responsibilities. ° 20-year Primary Term, plus three (3), 5-year Options ° 8% Rent Increases every 5 years, including Options • About Club Studio ° Fitness International’s Highest-End health club offering ° $134 - $249 monthly memberships ° 21 Club Studio locations Open, 21 Coming Soon, & many more in the development pipeline ° Studio Row: Club Studio’s signature boutique classes all centralized under one roof - Pilates, HIIT, Cycling, Boxing & Hot Yoga • About Fitness International, LLC ° Parent Company to Club Studio and LA Fitness ° (+) 660 open and operating full-service health clubs across North America, and expanding ° #1 largest health club operator in North America by revenue ° $2.2B Estimated Annual Revenue ° Founded in 1984, with over 40 Years of Operational Experience • One-of-a-Kind Dallas Opportunity: Located in the Prestonwood neighborhood, one of the more established and affluent residential pockets in North Dallas, featuring $215K+ average household incomes and strong home values • Dense Infill Demographics: Over 158,000 residents within 3 miles and nearly 400,000 residents within 5 miles, providing a deep and established customer base for fitness, retail, and serviceoriented tenants • Brand-New Construction w/ Pickleball: Fitness International’s highest-end Club Studio brand, incorporating \ pickleball amenities to differentiate member experience • Adjacent to Hillcrest Village: This 150,000 sf lifestyle center has recently undergone a transformative public-private redevelopment in partnership with the City of Dallas to include a 1.5-acre park and 30 new leases signed, creating a premier community gathering destination • Central Daily-Needs Positioning: Surrounded in all directions by strong daily-needs retailers within 1.5 miles, including Trader Joe’s, Sprouts, Kroger, and Tom Thumb • 35-min Drive to Dallas Fort Worth International Airport: #3 busiest commercial airport in North America • Dallas-Fort Worth MSA: #1 Largest MSA in Texas with 8.1M residential population • No State Income Tax: Attractive for any out-of-state investor

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$310 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Club Studio Sale-Leaseback (LA Fitness)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

ADD'L SUBTYPES

Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

450

LAND DETAILS

LAND ACRES

5.01 AC

LAND SF

218,236 SF

ZONING

CR

APN/PARCEL ID

00000797729400000

ASK ABOUT THIS PROPERTY

Ted SlaughterRealSource GroupMore Info
949-431-2734

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Ted SlaughterRealSource GroupMore Info
949-431-2734

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.