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Retro Fitness – Richardson, TX

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Retro Fitness – Richardson, TX

1301 E Belt Line Rd

Richardson, TX 75081

Price:
$4,518,000
Cap Rate:
7.00%
NOI:
$316,260
Rentable SQFT:
26,120 SF
Year Built:
2015
Lot Size:
3.43 AC
Lease Type:
NNN*
Type of Ownership:
Fee Simple
Status:
Available

Investment Highlights

  • Long Term Lease w/ Future Development Upside
  • Expanding Fitness Brand w/ Strong Industry Presence
  • Prime Retail Location in a Booming DFW Market

The NNN Fitness Group of Marcus & Millichap is pleased to present a 26,120-square-foot single-tenant Retro Fitness in Richardson, TX. This offering includes over 9 years remaining on the initial lease term with an 11% increase in 2030 and 4% annual increases during the option period. The property also features a tenant-approved .60-acre outparcel along E Belt Line Rd, providing future development potential in a high-traffic area with 29,933 vehicles per day. This stable, long-term investment combines reliable income growth, development potential, and strong market fundamentals, making it an attractive opportunity for investors.

Strategically located in the Dallas-Fort Worth Metroplex — the 4th largest MSA in the U.S. with a population of 7.57 million — the property benefits from strong demographics, including an affluent population of 363,761 residents within a 5-mile radius and an average household income of $92,257. The site is adjacent to the 99-acre Richardson Square power center, anchored by Super Target and Lowe’s, ensuring strong consumer traffic and long-term tenant stability.

Retro Fitness is a rapidly growing fitness brand with over 200 locations nationwide and a 20+ year track record. Backed by BlackRock and Eastwood Capital, Retro Fitness is expanding through Project LIFT, which aims to open 500 gyms in underserved communities over the next five years.

 

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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 »

Jake Bordelon

First Vice President Investments

858-373-3133

Email & Bio »

Timothy Speck

Broker of Record

License: 9002994