24 Hour Fitness | 12%+ Cash-on-Cash Return | Assumable Financing | Long-Term Corporate Lease | Fort Worth, TX
$17,500,000
2701 Halloran Street, Fort Worth, TX 76107
8
Cap Rate
1,400,000
NOI
Details:
Highlights:
- Long-Term Corporate Lease w/ Stability
- Strategic Location in a Growing College Town
- Prime Visibility + High Returns
Description:
The NNN Fitness Group of Marcus & Millichap is pleased to present a freestanding single-tenant 24 Hour Fitness in Fort Worth, Texas, situated on a 3.93-acre lot with high visibility along Interstate 30, benefiting from over 114,000 vehicles per day. This property features over 11 years remaining on a corporate lease with structured rent increases and four 5-year renewal options, providing stable, long-term income with an attractive 8.00% cap rate. The new investor will benefit from below-market-rate assumable financing offering double digit cash-on-cash returns.
Located just 4.5 miles from Texas Christian University and 5.5 miles from downtown Fort Worth, the property is surrounded by a growing population of nearly 292,000 residents within five miles, supported by robust average household incomes exceeding $95,000 within three miles. The retail corridor, anchored by national and local retailers, sees consistent consumer traffic, while nearby developments like the 401-unit Jefferson Ridglea Village apartments further enhance the area’s growth and demand for fitness services. This prime investment opportunity combines exceptional location, strong tenant performance, and attractive financial returns.
Documents:
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24_Hour_Fitness__Fort_Worth__TX_OM.pdf
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Location
Gallery
