Health Clubs
LA Fitness – Houston, TX
Health Clubs Offerings
LA Fitness – Houston, TX
19550 Restaurant Row
Houston, TX 77084
- Price:
- $11,667,857
- Cap Rate:
- 7.00%
- NOI:
- $816,750
- Rentable SQFT:
- 45,000 SF
- Year Built:
- 2005
- Lot Size:
- 3.78 AC
- Lease Type:
- NNN
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Recent 15-Year Extension
- Low Rent & Price Per/SF
- Top Performing Health Club Chain
- S&P Upgrade “B/Stable” Rating
- Excellent Demographics
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.
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