Sold Subscription Required
| Price $4,518,000 | Built/Renov 2015 | Tenant Retro Fitness |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Franchisee |
| Size/SF
26,120
| Lease Start
09-14-2014
| #Units
1
|
| Price/SF $172.97 | Expiration
12-31-2034
| Tenant Type Sport/Fitness |
| NOI $316,260 | R. Term 9.7 | Ownership Fee Simple |
| Rent/SF
$12.10
| Increases 11.0%/6/yrs | Pop 5Mi 363,761 |
| Lot/AC 3.43 | Options 1/10yrs/4% | AHHI 5Mi $92,257 |
| | |
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...
...Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Income tax free state
Retro Fitness, for nearly 20 years, has been providing members with a timeless approach to exercise, health, and fitness. With 200 health clubs open or in development, Retro Fitness is one of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 12,735 | 151,580 | 373,117 |
| 2023 Total Population : | 13,062 | 150,112 | 369,006 |
| 2023 Employed Civilian Pop : | 7,274 | 80,295 | 195,047 |
| 2023 Total Businesses : | 680 | 7,352 | 18,357 |
| 2023 Average Household Income : | $ 121,537 | $ 91,649 | $ 102,303 |
| 2023 Total Consumer Spending : | $ 478 M | $ 4435 M | $ 12535 M |
| 2023 Median Age : | 42 | 36 | 36 |
| 2023 Total Households : | 4,643 | 55,814 | 141,571 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,768 | 24,907 | 66,651 |
| 2023 Average Home Value : | $ 294,034 | $ 306,798 | $ 353,920 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| E Belt Line Rd | N Plano Rd | 2009 | 28,600 | 0.07 mi |
| N Plano Rd | University Village Dr | 2011 | 32,100 | 0.11 mi |
| S Plano Rd | E Belt Line Rd | 2009 | 38,230 | 0.16 mi |
| N Glenville Dr | E Belt Line Rd | 2009 | 4,830 | 0.21 mi |
| S Glenville Dr | Horizon Trl | 2009 | 2,700 | 0.23 mi |
| E Belt Line Rd | Richardson Square Mall | 2011 | 30,100 | 0.24 mi |
| E Belt Line Rd | S Glenville Dr | 2011 | 27,800 | 0.28 mi |
| N Glenville Dr | Larkspur Dr | 2009 | 4,190 | 0.31 mi |
| N St Johns Dr | Syracuse Dr | 2009 | 720 | 0.40 mi |
| Apollo Rd | N Plano Rd | 2009 | 4,510 | 0.50 mi |
New Lenox, IL
Cap Rate 6.60%
Lease NN+
R. Term 15.00 yrs
Size/SF 14,500
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
