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2803 W Interstate 20Grand Prairie, TX 75052
LA Fitness | Grand Prairie, TX
Asset ClassRetail
15-Year Abs. NNN Lease | Extension + Upcoming Remodel
overview of deal

Overview

The NNN Fitness group at Marcus & Millichap is pleased to bring to market a corporate-backed LA Fitness in Grand Prairie, TX, strategically located along Interstate 20 with exceptional visibility to over 186,000 vehicles per day. This 45,000-square-foot facility is secured by a brand-new 15-year lease extension with Fitness International, LLC, the nation’s largest non-franchised health club operator, which includes a planned $2.25 million renovation—highlighting the tenant’s long-term commitment to the site.

 

Surrounded by a dense concentration of national retailers including Walmart, Target, Home Depot, and Kroger, this property benefits from its location in a thriving retail corridor within the high-growth DFW Metroplex. With over 300,000 residents in a 5-mile radius and proximity to major highways and employment hubs, this offering presents a rare opportunity to acquire a high-performing asset with long-term stability and institutional-quality fundamentals.

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Investment Highlights

  • Brand New 15 Year Extension & Upcoming Remodel
  • Corporate-Back Security
  • Prime Location with Highway Visibility
  • Established Retail Corridor

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$10,703,300
CAP RATE
7.00%
NOI
$749,232
GLA
45,000 SF
YEAR BUILT
2006
LEASE TYPE
NNN
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2803 W Interstate 20Grand Prairie, TX 75052

INVESTMENT CONTACTS

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Listing provided by Revere CRE