9603 Westheimer Rd - Health Club FOR SALE
Houston, TX 77063 |
9603 Westheimer Rd
Houston, TX 77063
HIGHLIGHTS
- Operating since 2012, this LA Fitness location is an excellent performer, ranking in the top 25% of chain’s locations in Texas (#15 of 58; Placer.Ai).
- In October 2020, LA Fitness extended their original 15 year lease out an additional 3 years to 2031, leaving a current term remaining of ±9.1 years.
- Positioned along Westheimer Road (64,749 VPD), just feet from its intersection with South Gessner Road (28,810 VPD).
- The rent is set to increase ±10% in less than 16 months, giving an investor a near-term ±70 basis point boost in unlevered return.
- 17.0 MSF of retail, 29.6 MSF of office, 9.3 MSF of industrial, and 61,365 multifamily units within a 3-mile radius.
- Population of 205,392 and an average household income of $85,670 within a 3-mile radius.
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
LA Fitness
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Health Club
TOTAL BUILDING SIZE
45000
STORIES
2
YEAR BUILT
2012
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
1318540010003
