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17800 FM 529Houston, TX 77095
LA Fitness | Langham Creek, 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 top-performing, single-tenant LA Fitness property located in Langham Creek, TX, just 20 miles from Downtown Houston. This 45,000-square-foot facility is backed by a brand-new 15-year corporate lease extension with Fitness International, LLC, the largest non-franchised health club operator in North America. The tenant has committed over $2.25 million in upcoming capital improvements, signaling long-term confidence and continued success at this flagship location. With a passive NNN lease structure, strong tenant credit, and proximity to key economic drivers in Houston, this offering presents a rare opportunity to acquire a trophy asset with long-term income stability.

 

Strategically positioned near the intersection of FM 529 and Barker Cypress Rd, the property benefits from strong traffic counts exceeding 62,000 VPD and a dense, growing trade area with more than 324,000 residents within a 5-mile radius. This location ranks as the #1 LA Fitness within a 15-mile radius and falls in the top 5% of clubs statewide.

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Investment Highlights

  • Brand New 15 Year Extension & Upcoming Remodel
  • Corporate-Backed Security
  • Dense & Growing Trade Area
  • Top Performing Location

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$11,341,450
CAP RATE
7.00%
NOI
$793,902
GLA
45,000 SF
YEAR BUILT
2007
LOT SIZE
6.76 AC
LEASE TYPE
NNN
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17800 FM 529Houston, TX 77095

INVESTMENT CONTACTS

Tim SpeckBroker of Record

License #: Lic #: 9002994

(972) 755-5200tim.speck@marcusmillichap.com
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Listing provided by Revere CRE