24 Hour Fitness | DFW | Under $10M | Freeway Visibility | Top Performer | Strong Demos

6500 Old Denton Road, Fort Worth, TX

$9,316,640

Price

7.5%

Cap Rate

$698,748

NOI

Overview
Cap Rate
7.5%
NOI
$698,748
Building Size
36,000 sqft
Lot Area
4.76 acres
Occupancy
100%
Lease Type
Double Net
Year Built
2007
Tenancy
Single
Gross Leaseable Area
36000
Investment Strategy
Core Plus
Lease Expire Year
3/31/2032
Description

The NNN Fitness Group of Marcus & Millichap is pleased to present an exceptional investment opportunity: a 36,000 square foot single-tenant health club in Fort Worth, TX. Positioned nearby Interstate-35, this offering presents an irreplaceable location boasting over 143,000 VPD, and easy access to and from Dallas Fort Worth Metropolitan area. The surrounding area includes a dense, affluent demographic with over 286,709 residents and an average household income of $93,146 within 5 miles. The 24 Hour Fitness has a long term lease with over 8 years remaining after a recent 5 year lease extension.

Fort Worth, the fifth-largest city in Texas and 19th largest in the U.S., is located in North Texas, covering nearly 300 square miles and serving as the county seat of Tarrant County. It has experienced rapid growth and is the second-largest cultural and economic hub in the Dallas–Fort Worth–Arlington metro area.

Highlights
  • Dynamic Commercial Hub
  • Densely Populated Affluent Area
  • Top Growing City in the U.S.
  • Business Friendly Climate
Documents
Title
24_Hour_Fitness_-_Forth_Worth__TX_-_OM.pdf
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Location
Gallery