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2701 Halloran StFort Worth, TX 76107
24 Hour Fitness, Fort Worth, TX
Asset ClassRetail
MSADallas Fort-Worth
24 Hour Fitness | 12%+ Cash-on-Cash Return | Assumable Financing | Long-Term Corporate Lease | Fort Worth, TX
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present a freestanding single-tenant 24 Hour Fitness in Fort Worth, Texas, situated on a 3.93-acre lot with high visibility along Interstate 30, benefiting from over 114,000 vehicles per day. This property features over 11 years remaining on a corporate lease with structured rent increases and four 5-year renewal options, providing stable, long-term income with an attractive 8.00% cap rate. The new investor will benefit from below-market-rate assumable financing offering double digit cash-on-cash returns.

 

Located just 4.5 miles from Texas Christian University and 5.5 miles from downtown Fort Worth, the property is surrounded by a growing population of nearly 292,000 residents within five miles, supported by robust average household incomes exceeding $95,000 within three miles. The retail corridor, anchored by national and local retailers, sees consistent consumer traffic, while nearby developments like the 401-unit Jefferson Ridglea Village apartments further enhance the area’s growth and demand for fitness services. This prime investment opportunity combines exceptional location, strong tenant performance, and attractive financial returns.

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Investment Highlights

  • Long-Term Corporate Lease w/ Stability
  • Strategic Location in a Growing College Town
  • Prime Visibility + High Returns

INVESTMENT OVERVIEW

OFFERING DETAILS
PRICE
$17,500,000
CAP RATE
8.00%
LEASE TYPE
NN
NOI
$1,400,000
GLA
42,267 SF
LOT SIZE
3.93 AV
YEAR BUILT
2008
OPTIONS
(4) 5 Year
INCREASES
Structured
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2701 Halloran StFort Worth, TX 76107

INVESTMENT TEAM

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Listing provided by Revere CRE