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LA Fitness | 15-Year Abs. NNN Lease | Extension + Upcoming Remodel | Grand Prairie, TX

$10,703,300

2803 West Interstate Highway 20, Grand Prairie, TX 75052

Active
Last Updated: 07/16/2025

7

Cap Rate

749,232

NOI

Details:
Cap Rate:    7%
NOI:    $749,232
Building Size:    45,000 sqft
Lot Area:    5.07 acres
Year Built:    2006
Tenancy:    Single
Parking Spots:    369
Gross Leaseable Area:    45,000
Investment Strategy:    Core Plus
Lease Expire Year:    8/31/2040
Highlights:
  • Brand New 15 Year Extension & Upcoming Remodel
  • Corporate-Back Security
  • Prime Location with Highway Visibility
  • Established Retail Corridor
Description:

The NNN Fitness group at Marcus & Millichap is pleased to bring to market a corporate-backed LA Fitness in Grand Prairie, TX, strategically located along Interstate 20 with exceptional visibility to over 186,000 vehicles per day. This 45,000-square-foot facility is secured by a brand-new 15-year lease extension with Fitness International, LLC, the nation’s largest non-franchised health club operator, which includes a planned $2.25 million renovation—highlighting the tenant’s long-term commitment to the site.

Surrounded by a dense concentration of national retailers including Walmart, Target, Home Depot, and Kroger, this property benefits from its location in a thriving retail corridor within the high-growth DFW Metroplex. With over 300,000 residents in a 5-mile radius and proximity to major highways and employment hubs, this offering presents a rare opportunity to acquire a high-performing asset with long-term stability and institutional-quality fundamentals.

Map:
Documents:
Title
LA_Fitness__Grand_Prairie__TX_-_OM.pdf
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Location
Gallery