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1824 W Slaughter LnAustin, TX 78748
Club Studio (LA Fitness Corporate), Austin, TX
Asset ClassRetail
S&P 'B' Stable Rating | Brand New Conversion | 18+ Years of Term | Corporate-Backed Security | $117K+ Ave. HHI 1-Mile
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 37,000-square-foot Club Studio in Austin, Texas. Built in 2015 and set on 7.72 acres, this property is a brand-new conversion from LA Fitness to Club Studio with a $4.56 million landlord-funded renovation allowance. Club Studio is Fitness International’s newest luxury fitness brand, offering boutique studio classes and high-end amenities under one roof. The property is leased to Fitness International, LLC—the parent company of LA Fitness, with 728+ locations and an S&P “B/Stable” rating—under a new 20+ year lease term extending through 2046, with two additionalThe NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 37,000-square-foot Club Studio in Austin, Texas. Built in 2015 and set on 7.72 acres, this property is a brand-new conversion from LA Fitness to Club Studio with a $4.56 million landlord-funded renovation allowance. Club Studio is Fitness International’s newest luxury fitness brand, offering boutique studio classes and high-end amenities under one roof. The property is leased to Fitness International, LLC—the parent company of LA Fitness, with 728+ locations and an S&P “B/Stable” rating—under a new 18.5 year lease term extending through 2044, with two additional 5-year options.

 

Ideally positioned on W. Slaughter Lane with exposure to over 71,000 vehicles per day, the site benefits from exceptional demographics including an average household income of $117,000 within one mile. Just eight miles from downtown Austin, the property is surrounded by dense residential communities and national retailers, ensuring strong long-term demand in one of the fastest-growing markets in the U.S. 5-year options.

 

Ideally positioned on W. Slaughter Lane with exposure to over 71,000 vehicles per day, the site benefits from exceptional demographics including an average household income of $117,000 within one mile. Just eight miles from downtown Austin, the property is surrounded by dense residential communities and national retailers, ensuring strong long-term demand in one of the fastest-growing markets in the U.S.

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Investment Highlights

  • Brand New Club Studio Conversion
  • Dominant Austin Market Fundamentals
  • Corporate-Back Security
  • High-Traffic, Affluent Location

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$18,092,300
CAP RATE
6.50%
NOI
$1,176,000
GLA
37,000 SF
YEAR BUILT
2015
LOT SIZE
7.72 AC
LEASE TYPE
NNN
LEASE TERM
18.5 Yrs
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1824 W Slaughter LnAustin, TX 78748

INVESTMENT CONTACTS

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Listing provided by Revere CRE