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1824 W Slaughter LnAustin, TX 78748
Club Studio (LA Fitness Corporate), Austin, TX
Asset ClassRetail
Club Studio | Austin, TX | 18+ Year Lease | S&P 'B/Positive' Rating | Brand New Conversion | Grand Opening Summer '26
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 37,000 square-foot Club Studio located in Austin, Texas. The property is secured by a brand new 18-year lease with Fitness International, LLC, providing long-term stability with built-in 10% rental increases every five years, as well as two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness, with a grand opening scheduled for October 2026, allowing investors to acquire a newly repositioned facility backed by Fitness International, which operates 600+ locations nationwide and maintains an S&P credit rating of B/Positive.

 

Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy.

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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+ Yrs
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1824 W Slaughter LnAustin, TX 78748

INVESTMENT CONTACTS

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