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Texas Family Fitness – Frisco, TX

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Texas Family Fitness – Frisco, TX

SWC Hwy 380 and Coit Rd

Frisco, TX 75035

Price:
$10,143,680
Cap Rate:
6.25%
NOI:
$633,980
Rentable SQFT:
31,699 SF
Year Built:
2023
Lot Size:
5.94 AC
Lease Type:
NN
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • Brand New 2023 Build-to-Suit Construction
  • Dominant Retail Trade Area
  • Major Regional Intersection
  • Outstanding Demographics & Explosive Growth

The NNN Fitness Group of Marcus & Millichap is please to present this exclusive opportunity to purchase a brand new, build-to-suit Texas Family Fitness in Frisco, TX. The offering includes 31,699 square-foot modern facility designed for DFW’s premier health club operator Texas Family Fitness. The lease features 16-year initial term with three, five-year options to extend and 10% increases at each renewal period along with a Fair Market adjustment to rent on the first option. The property is located within The Three Corners Plaza, a 90K square-foot shopping center featuring multiple national retailers including, UPS, Planet Smoothie, Taco Bell and many more. With nearly 165,000 population and over $170K+ Average Household Income in a 5-mile radius, the subject property is surrounded by high- end residential communities and commercial developments with a projected 15% population growth in the next 5 years.

Frisco was the fastest-growing city in the United States in 2017, and its population was over 200,000 in 2020. Frisco is a part of the Dallas/Fort Worth Metroplex, the most populous metro in both Texas and Southern United States, with an aggregate of nearly 7.7 million residents. It is the economic and cultural hub of North Texas, and strong job gains continually draw new residents to the region. As of 2022 Dallas-Fort Worth is home to 23 Fortune 500 and 44 Fortune 1000 companies, including Exxon Mobil, McKesson and AT&T. The DFW Metroplex has the 4th highest concentration of Fortune 500 headquarters in the U.S. With a favorable business climate, DFW trailed only SF, NYC and DC as the top MSA’s for tech talent.

 

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  • Confidentiality and Disclaimer

    The information contained on this website is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from NNN Fitness and distribution to any other person or entity without the express written consent of NNN Fitness is strictly prohibited. This website provides summary, unverified information to prospective purchasers, and has been prepared to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. NNN Fitness has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. NNN Fitness has not made any investigation, and makes no representation or warranty, that the information on this website has not changed since it was originally prepared and posted. The information contained on this website has been obtained from sources we believe to be reliable; however, NNN Fitness has not verified, and will not verify, any of the information contained herein, nor has NNN Fitness conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

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For more information, please contact:

Mark Thiel

Senior Managing Director Investments

858-373-3206

Email & Bio »

Timothy Speck

Broker of Record

License: 9002994