4900 W University Dr - Retail FOR SALE


Prosper, TX 75078
$12,855,000 USD
805-570-7430
4900 W University Dr, Prosper, TX for Sale
$12,855,000 USD
Retail - FOR SALE
1/4
null | 5.75% Cap Rate

4900 W University Dr
Prosper, TX 75078


HIGHLIGHTS

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

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.

FOR SALE DETAILS

PRICE

$12,855,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LA Fitness

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

37000

LAND DETAILS

LAND ACRES

4.08 AC

LAND SF

177,855 SF

ZONING

-

APN/PARCEL ID

R752740

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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

Mark ThielMarcus & MillichapMore Info
805-570-7430

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