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1301 E Belt Line RdRichardson, TX 75081
Retro Fitness | DFW | 7.00% Cap | Upside w/ Tenant Approved Outparcel Carveout | BlackRock-Backed
Asset ClassRetail
Cap Rate7%
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. This offering includes over 9 years remaining on the initial lease term with an 11% increase in 2030 and 4% annual increases during the option period. The property also features a tenant-approved .60-acre outparcel along E Belt Line Rd, providing future development potential in a high-traffic area with 29,933 vehicles per day. This stable, long-term investment combines reliable income growth, development potential, and strong market fundamentals, making it an attractive opportunity for investors.

 

Strategically located in the Dallas-Fort Worth Metroplex — the 4th largest MSA in the U.S. with a population of 7.57 million — the property benefits from strong demographics, including an affluent population of 363,761 residents within a 5-mile radius and an average household income of $92,257. The site is adjacent to the 99-acre Richardson Square power center, anchored by Super Target and Lowe’s, ensuring strong consumer traffic and long-term tenant stability.

 

Retro Fitness is a rapidly growing fitness brand with over 200 locations nationwide and a 20+ year track record. Backed by BlackRock and Eastwood Capital, Retro Fitness is expanding through Project LIFT, which aims to open 500 gyms in underserved communities over the next five years.

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Investment Highlights

  • Long Term Lease w/ Future Development Upside
  • Expanding Fitness Brand w/ Strong Industry Presence
  • Prime Retail Location in a Booming DFW Market

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$4,518,000
CAP RATE
7.00%
NOI
$316,260
LEASE TYPE
NNN*
GLA
26,120 SF
LOT SIZE
3.43 AC
YEAR BUILT
2015
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1301 E Belt Line RdRichardson, TX 75081

INVESTMENT CONTACTS

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Listing provided by Revere CRE
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