LA Fitness | 15-Year Abs. NNN Lease | Extension + Upcoming Remodels | Langham Creek, TX
$11,341,450
17800 Farm to Market Road 529, Houston, TX 77095
7
Cap Rate
793,902
NOI
Details:
Highlights:
- Brand New 15 Year Extension & Upcoming Remodel
- Corporate-Backed Security
- Dense & Growing Trade Area
- Top Performing Location
Description:
The NNN Fitness group at Marcus & Millichap is pleased to bring to market a top-performing, single-tenant LA Fitness property located in Langham Creek, TX, just 20 miles from Downtown Houston. This 45,000-square-foot facility is backed by a brand-new 15-year corporate lease extension with Fitness International, LLC, the largest non-franchised health club operator in North America. The tenant has committed over $2.25 million in upcoming capital improvements, signaling long-term confidence and continued success at this flagship location. With a passive NNN lease structure, strong tenant credit, and proximity to key economic drivers in Houston, this offering presents a rare opportunity to acquire a trophy asset with long-term income stability.
Strategically positioned near the intersection of FM 529 and Barker Cypress Rd, the property benefits from strong traffic counts exceeding 62,000 VPD and a dense, growing trade area with more than 324,000 residents within a 5-mile radius. This location ranks as the #1 LA Fitness within a 15-mile radius and falls in the top 5% of clubs statewide.
Documents:
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LA_Fitness__Langham_Creek__TX_-_OM.pdf
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