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6635 NE Loop 820North Richland Hills, TX 76180
VOLLI, Pickleball & Entertainment
Asset ClassRetail, Special Purpose
Lease-Term Remaining15 Years
Cap Rate: 7.5%MSA: Dallas-Fort WorthYear Renovated: 2024Access Data Room
7.50% Cap Rate | Brand New Long-Term Absolute NNN Lease | North Richland Hills, TX
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present this fee-simple opportunity to acquire a pickleball & entertainment facility in North Richland Hills, TX offering below market rent and custom buildout by the Tenant. VOLLI is a proven indoor pickleball & eatertainment concept with multiple locations already operating. This will be the first in the Dallas-Fort Worth MSA; Positioned right off Interstate 820, it allows easy access and excellent visibility to over 150K vehicles per day. The offering features a brand new 15-year Absolute NNN lease with 2.50% annual increases throughout the term and in each renewal option.

 

North Richland Hills, Texas, within the Dallas-Fort Worth metro, is known for rapid growth and a diverse economy spanning retail, healthcare, tech, and manufacturing. Major employers like Sabre Corporation, Galderma Laboratories, and BNSF Railway anchor the city’s job market and economic stability. North Richland Hills is the third most populous city in Tarrant County. VOLLI is well positioned to serve a densely populated area, with more than 286,907 residents earning and average household income exceeding $95K within a 5-mile area. Moreover, the Dallas-Fort Worth area is emerging as one of the fastest growing MSA areas in the U.S.

 

Tim Speck

Broker of Record

5001 Spring Valley Rd., Ste. 100W

Dallas, Texas 75244

P: (972) 755-5200

Lic #: 9002994

Tim.speck@marcusmillichap.com

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Investment Highlights

  • Brand New Long-Term Absolute NNN Lease
  • Growing Regional Sport Concept
  • Highly Successful Operator
  • Outstanding Dallas-Fort Worth Submarket
  • Dominant Freeway Access & Visibility
  • Nearby Significant Economic Development Projects

INVESTMENT OVERVIEW

Deal Points
Price
$10,388,000
Cap Rate
7.50%
Ave. Cap Rate During Term
8.96%
Lease Type
Absolute NNN
NOI
$779,112
Lease Term
15 Years
Total GLA
62,329 SF
Lot SIze
6.09 AC
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6635 NE Loop 820North Richland Hills, TX 76180
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Listing provided by Revere CRE