Retro Fitness | DFW | 7.00% Cap | Upside w/ Tenant Approved Outparcel Carveout | BlackRock-Backed
$4,518,000
1301 East Belt Line Road, Richardson, TX 75081
7
Cap Rate
316,260
NOI
Details:
Highlights:
- Long Term Lease w/ Future Development Upside
- Expanding Fitness Brand w/ Strong Industry Presence
- Prime Retail Location in a Booming DFW Market
Description:
The NNN Fitness Group of Marcus & Millichap is pleased to present a 26,120-square-foot single-tenant Retro Fitness in Richardson, TX. This offering includes over 9 years remaining on the initial lease term with an 11% increase in 2030 and 4% annual increases during the option period. The property also features a tenant-approved .60-acre outparcel along E Belt Line Rd, providing future development potential in a high-traffic area with 29,933 vehicles per day. This stable, long-term investment combines reliable income growth, development potential, and strong market fundamentals, making it an attractive opportunity for investors.
Strategically located in the Dallas-Fort Worth Metroplex — the 4th largest MSA in the U.S. with a population of 7.57 million — the property benefits from strong demographics, including an affluent population of 363,761 residents within a 5-mile radius and an average household income of $92,257. The site is adjacent to the 99-acre Richardson Square power center, anchored by Super Target and Lowe’s, ensuring strong consumer traffic and long-term tenant stability.
Retro Fitness is a rapidly growing fitness brand with over 200 locations nationwide and a 20+ year track record. Backed by BlackRock and Eastwood Capital, Retro Fitness is expanding through Project LIFT, which aims to open 500 gyms in underserved communities over the next five years.
Documents:
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Retro_Fitness__Richardson__TX___OM.pdf
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