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EoS Fitness

1300 West Belt Line Road, DeSoto, TX 75115

$13,481,728

Cap Rate 7.00%

DOM: 163 Updated: 07.22.24 Posted: 08.26.23 Status: Sold 02.05.24

Summary

Price $13,481,728
Built/Renov 1995/2023
Tenant EoS Fitness
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 55,513
Lease Start 05-01-2023
#Units 100
Price/SF $242.86
Expiration 07-31-2038
Tenant Type Sport/Fitness
NOI $943,721
R. Term 13.3
Ownership Fee Simple
Rent/SF $17.00
Increases 10.0%/5/yrs
Pop 5Mi 184,420
Lot/AC 5.52
Options 3/5yrs/10%
AHHI 5Mi $80,548

Mark Thiel
Marcus & Millichap
Contact

Lease Highlights

  • This trophy DeSoto location is a state-of-the-art facility with the Grand Opening scheduled for September 1st, 2023
  • Brand-new long-term 15-year lease with 3 (5-year) options to extend
  • Lease features increases of 10% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Eos Fitness is strategically positioned near the intersection of W Belt Line Rd and S Cockrell Hill Rd with access to 36,739 vehicles passing by daily. The subject property is surrounded by national retailers such as CVS Pharmacy, Sonic, Subway and Little Cesar's. Additionally, it is conveniently located just a few blocks from a Walmart Supercenter. This fitness center is considered a trophy...

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Key Features

  • Signalized intersection

  • Hard corner intersection

  • Major thoroughfare

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Long 15+ yr lease

  • Absolute NNN

  • Corporate Guarantee

    • ...

Links

EoS Fitness Wikipedia DeSoto, Texas Zip Code 75115 Broker Site Page

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: EoS Fitness
  • Guarantor:Corporate
  • Company:Bruckmann, Rosser, Sherrill & Co.
  • # Units:100
  • Stock:Private

About Tenant

EoS Fitness Opco Holdings, LLC, dba EoS Fitness, is an operator of a chain of fitness clubs. EoS Fitness, is based on a low-price membership model, offering affordable and flexible membership...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 9,691 73,604 187,087
2023 Total Population : 9,846 72,509 185,754
2023 Employed Civilian Pop : 5,845 38,191 95,139
2023 Total Businesses : 175 1,678 5,371
2023 Average Household Income : $ 123,723 $ 103,280 $ 92,640
2023 Total Consumer Spending : $ 326 M $ 2203 M $ 5200 M
2023 Median Age : 38 37 36
2023 Total Households : 3,134 24,845 64,972
2023 Pop Age 25+: Bachelor's Degree : 1,339 9,633 23,904
2023 Average Home Value : $ 320,400 $ 284,552 $ 284,846
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Cockrell Hill Rd W Belt Line Rd 2009 9,270 0.13 mi
West Belt Line Road Ellerson Rd 2021 23,500 0.16 mi
West Belt Line Road N Cockrell Hill Rd 2020 19,027 0.16 mi
Mountain Laurel Ln Laramie Ln 2009 2,240 0.26 mi
W Belt Line Rd Buffalo Creek Dr 2012 22,837 0.27 mi
Cockrell Hill Rd Mountain Laurel Ln 2009 16,730 0.28 mi
Knob Hill Dr Buffalo Creek Dr 2004 2,610 0.35 mi
N Cockrell Hill Rd Carriage Creek Dr 2012 10,908 0.37 mi
W Belt Line Rd Settlers Creek 2012 23,482 0.37 mi
N Cockrell Hill Rd Carriage Creek Dr 2012 11,172 0.46 mi

Listing Broker

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