19550 Restaurant Row - Freestanding FOR SALE


Houston, TX 77084
$11,667,857 USD
858-373-3206
19550 Restaurant Row, Houston, TX for Sale
$11,667,857 USD
Freestanding - FOR SALE
1/6
null | 7% Cap Rate

19550 Restaurant Row
Houston, TX 77084


HIGHLIGHTS

  • Recent 15-Year Extension
  • Low Rent & Price Per/SF
  • Top Performing Health Club Chain
  • S&P Upgrade “B/Stable” Rating
  • Excellent Demographics

OVERVIEW

The NNN Fitness Group of Marcus and Millichap is pleased to offer this rare opportunity to purchase a freestanding 45,000 SF LA Fitness in Houston, TX. LA Fitness executed a new 15-year extension in 2020 demonstrating their long-term success and commitment to this location. Situated only 23 miles east of Houston this property boasts a 5-mile population of 263,512, with an average household income of $107,521. The property benefits from its proximity to adjacent national and local retailers including Ashley Furniture, At Home, H-E-B, Kohl’s, Panera Bread, Massage Envy, Applebee’s, Lowe’s, Home Depot, Hobby Lobby, The Vitamin Shoppe, and many more.

FOR SALE DETAILS

PRICE

$11,667,857 USD

PRICE/SF

$259 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness | S&P 'B' Stable

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

225

LAND DETAILS

LAND ACRES

3.75 AC

LAND SF

163,350 SF

ZONING

F1

APN/PARCEL ID

1153930000046

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
858-373-3206

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Mark ThielMarcus & MillichapMore Info
858-373-3206

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