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1301 E Belt Line RdRichardson, TX 75081
Retro Fitness W/ Outparcel Carveout, DFW MSA
Asset ClassRetail
Cap Rate7%
Retro Fitness | Long Term Lease | 7.00% Cap | W/ Outparcel Carveout | Excellent Visibility | DFW MSA
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present a 26,120-square-foot single-tenant Retro Fitness in Richardson, TX. The offering is inclusive of 10.75 years remaining on the initial lease term with a 10% increase in 5 years. The offering also includes a tenant-approved .60-acre carveout along E Belt Line Rd. primed for development. Located in the Dallas Fort-Worth Metro, this property boasts an affluent population of 351,031 residents within a 5-mile radius with an average household income of $92,058.

 

Dallas MSA is currently the 4th largest MSA in the US with a population of 7.57 million, DFW is on track to become the 3rd largest MSA trailing only Los Angeles and NYC. DFW gained 1,349,378 residents from 2010 to 2019, ranking first among U.S. metro areas.

 

Tim Speck

Broker of Record

5001 Spring Valley Rd., Ste. 100W

Dallas, Texas 75244

P: (972) 755-5200

Lic #: 9002994

Tim.speck@marcusmillichap.com

 

 

Access the Data Room

Investment Highlights

  • Long Term Lease w/ Approved Carveout
  • Growing Regional Fitness Concept
  • Thriving Retail-Centric DFW Location

Investment Overview

Deal Points
Price
$4,518,000
Cap Rate
7.00%
NOI
$316,260
GLA
26,120 SF
Lot Size
3.43 AC
Year Built
2015
Lease Type
NNN
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1301 E Belt Line RdRichardson, TX 75081
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