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3630 Forest LnDallas, TX 75234
Fitness Connection, Dallas MSA
Asset ClassRetail
Lease-Term Remaining15 Years
Cap Rate: 9%Square Feet: 52,443Access Data Room
Fitness Connection | 9.00% Cap Rate | Leasehold Interest | Recent Retrofit | 15 Yr Lease | New Roof
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a leasehold interest in a 52,443-square-foot Fitness Connection in Dallas, TX. The offering features a brand new 15-year lease with (5) 5-year options to renew. Included in the recent improvements is a new TPO roof installed in 2023.

 

Located in the affluent and thriving Dallas neighborhood, Park Forest, this property is surrounded by a dense 3-mile population of 101,285 residents with an average household income of $107,712. The property further benefits from its proximity to downtown Dallas, Addison, Plano, Frisco, and both DFW Airport and Love Field Airport.

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Investment Highlights

  • Extremely Low Rent & Price Point
  • Brand New Buildout w/ 15yr Lease
  • 52K Square Foot Box for Only $82/SF
  • $126K Average HH Income Within 1-Mile

 

Investment Overview

Deal Points
Price
$4,312,000
Cap Rate
9.00%
NOI
$388,136.85
GLA
52,443 SF
Year Built
2003/2023
Lot Size
4.91 AC
Lease Type
NN
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3630 Forest LnDallas, TX 75234
DFW Airport
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Listing provided by Revere CRE