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4900 W University DrProsper, TX 75078
LA Fitness | Prosper, TX
Asset ClassRetail
MSADallas Fort-Worth
LA Fitness | Prosper TX | Affluent North DFW | New Construction | Corporate Long-Term Lease | US Route 380 Corridor | $171K+ AHHI in 1-Mile
overview of deal

Overview

The NNN Fitness group at Marcus & Millichap is pleased to bring to market a premier single-tenant LA Fitness property located in the booming submarket of Prosper, TX (North DFW). This newly constructed, 37,000-square-foot state-of-the-art facility sits on over 4 acres, offering abundant parking and an irreplaceable position in the North Dallas Economic Corridor. The property features a long-term corporate-backed lease, with Fitness International, LLC, the nation’s largest non-franchised health club chain. Located in the heart of a bustling retail hub including Kroger, Walmart, and HEB as well as the new Omni Hotel and PGA World Headquarters, this is a generational investment opportunity offering security and long-term growth.

 

Strategically positioned at the intersection of US 380 and FM 423, this LA Fitness location benefits from an impressive daily traffic count of over 99,000 vehicles, attracting residents from the rapidly growing surrounding neighborhoods. Prosper itself is a high-growth area, with affluent demographics and an expanding residential base, making it one of North Texas’s most desirable destinations for both families and businesses. The population within a 3-mile radius exceeds 80,000, with average household incomes around $158,756, underscoring this property’s significant market appeal.

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Investment Highlights

  • Generational Real Estate & Corporate Lease
  • Explosive Regional Power Center Destination
  • Located in North Dallas’ Economic Corridor

INVESTMENT OVERVIEW

OFFERING DETAILS
PRICE
$12,855,000
CAP RATE
5.75%
NOI
$739,260
LEASE TYPE
4.08 AC
GLA
37,000 SF
YEAR BUILT
2022
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4900 W University DrProsper, TX 75078

INVESTMENT TEAM

Tim SpeckBroker of Record

License #: Lic #: 9002994

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