17990 W Lake Houston Pky - Freestanding FOR SALE


Atascocita, TX 77346
$13,067,000 USD
480-221-4221
17990 W Lake Houston Pky, Atascocita, TX for Sale
$13,067,000 USD
Freestanding - FOR SALE
1/10
null | 6.75% Cap Rate

17990 W Lake Houston Pky
Atascocita, TX 77346


HIGHLIGHTS

  • Brand New 15-Year Lease | Corporate Signed | Scheduled Rental Increases | Recent Grand Opening
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Atascocita Commons (508,000 SF) | Atascocita High School | Primary Anchor to Center | Primary Retail Corridor
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, freestanding, EoS Fitness investment property located in Atascocita, TX (Houston MSA). The tenant, Fitness Alliance, LLC, recently had their grand opening and signed a brand new 15-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is NNN leased with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. The property features brand new contruction which includes high quality construction materials, distinct design elements, and state-of-the-art features.

FOR SALE DETAILS

PRICE

$13,067,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EOS Fitness | New 15yr Corp NNN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

478

LAND DETAILS

LAND ACRES

4.64 AC

LAND SF

202,118 SF

ZONING

C

APN/PARCEL ID

138-761-001-0006

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.