Fitness Connection | DFW | New Long-Term Lease Structure | Recent Capital Improvements

Highlights:

• New Long-Term Lease Structure
• Recent Capital Improvements
• Affluent & Dense Dallas Trade Area
• Premier DFW Connectivity & Retail Corridor

Description:

The NNN Fitness Group of Marcus & Millichap is pleased to offer the leasehold interest in a 52,443-square-foot Fitness Connection located in Dallas, Texas. The investment is secured by a recently executed 15-year lease with over 12 years of remaining term and five (5) 5-year renewal options, demonstrating the tenant’s long-term commitment to the location. Recent property upgrades, including a new TPO roof installed in 2023, limiting near-term capital requirements. Offered at approximately $79 per square foot, the property presents an attractive opportunity to acquire a large-format fitness asset below replacement cost.

Situated in the affluent Park Forest neighborhood, the property draws from a dense and established trade area with more than 101,000 residents and average household incomes exceeding $107,000 within three miles. The site benefits from exceptional connectivity to Downtown Dallas, Addison, Plano, Frisco, Dallas Love Field, and DFW International Airport, positioning it within one of the most dynamic and rapidly growing metropolitan regions in the United States.

Documents: