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6500 Old Denton RdFort Worth, TX 76131
24 Hour Fitness, DFW MSA
Asset ClassRetail
Deal Size$8.7 M
MSA: Dallas-Fort WorthLease-Term Remaining: 7.9 YearsAccess Data Room
New Listing | 24 Hour Fitness | DFW | Under $9M | Freeway Visibility | Top Performer | Strong Demos
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present an exceptional investment opportunity: a 36,000 square foot single-tenant health club in Fort Worth, TX. Positioned nearby Interstate-35, this offering presents an irreplaceable location boasting over 143,000 VPD, and easy access to and from Dallas Fort Worth Metropolitan area. The surrounding area includes a dense, affluent demographic with over 286,709 residents and an average household income of $93,146 within 5 miles. The 24 Hour Fitness has a long term lease with over 8 years remaining after a recent 5 year lease extension.

 

Fort Worth, the fifth-largest city in Texas and 19th largest in the U.S., is located in North Texas, covering nearly 300 square miles and serving as the county seat of Tarrant County. It has experienced rapid growth and is the second-largest cultural and economic hub in the Dallas–Fort Worth–Arlington metro area.

 

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

  • Dynamic Commercial Hub
  • Densely Populated Affluent Area
  • Top Growing City in the U.S.
  • Business Friendly Climate

Investment Overview

Deal Points
Price
$8,734,350
Cap Rate
8.00%
NOI
$698,748
GLA
36,000 SF
Year Built
2007
Lot Size
4.76 AC
Lease Type
NN
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6500 Old Denton RdFort Worth, TX 76131

Investment Contacts

Mark RubleExecutive Managing Director(602) 687-6766mark.ruble@marcusmillichap.com
Zack HouseFirst Vice President Investments(602) 687-6650zack.house@marcusmillichap.com
Chris LindSenior Managing Director Investments(602) 687-6780chris.lind@marcusmillichap.com
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Listing provided by Revere CRE