LA Fitness NNN Property For Sale — Houston, TX
19550 Restaurant Row, Houston, TX 77084
This 45,000-square-foot LA Fitness presents a compelling investment opportunity in Houston, Texas. The property is leased to Fitness International, LLC (LA Fitness), a leading health club operator with a strong S&P credit rating. A new 15-year lease extension, executed in 2020, secures tenancy through October 31, 2035, with three additional 5-year options. Constructed in 2005, the property occupies 3.78 acres with ample parking. It boasts a prime location along I-10, benefiting from high traffic counts and surrounded by major national retailers. The surrounding area exhibits robust demographics with a strong population and household income, further supported by new luxury residential development, ensuring a consistent customer base. This location ranks in the top 12% of all U.S. fitness c…
- Address: 19550 Restaurant Row, Houston, TX 77084
- Asking price $11.27M
- 7.25% cap rate
- NOI $816,749
- 9.1 years remaining
- NNN lease
- Year built: 2005
- Building size: 45,000 SF
- Lot size: 3.78 acres
- Lease expiration: Oct 31, 2035
- Guarantor: Corporate
Location
This LA Fitness property is at 19550 Restaurant Row in Houston, Texas.
Asset type: Retail