Club Studio | Austin, TX | 18+ Year Lease | S&P 'B/Positive' Rating | Brand New Conversion | Grand Opening Summer 26'
$18,092,300
1824 West Slaughter Lane, Austin, TX 78748
6.5
Cap Rate
1,176,000
NOI
Details:
Highlights:
- Brand New Club Studio Conversion
- Dominant Austin Market Fundamentals
- Corporate-Back Security
- High-Traffic, Affluent Location
Description:
The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 37,000 square-foot Club Studio located in Austin, Texas. The property is secured by a brand new 18-year lease with Fitness International, LLC, providing long-term stability with built-in 10% rental increases every five years, as well as two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness, with a grand opening scheduled for August 2026, allowing investors to acquire a newly repositioned facility backed by Fitness International, which operates 700+ locations nationwide and maintains an S&P credit rating of B/Positive.
Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy.
Documents:
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Club_Studio__Austin__TX_-_OM_2026.pdf
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Location
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