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Crunch Fitness | New 20yr Abs NNN 1653 Creststone Trl 36,183 SF Retail Building Fort Worth, TX 76140 $14,570,000 ($402.68/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New, 20-Year Lease | Franchisee Guaranteed Lease (75+ Units) | Options To Extend | Scheduled Rental Increases
- Victory Shops at Basswood | Saginaw High School (2,200 Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Crunch Fitness investment property located in Saginaw, Texas. The tenant, Crunch Fitness, recently signed a brand new, 20-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
36,183 SF
Year Built
2026
Construction Status
Under Construction
Price
$14,570,000
Price Per SF
$402.68
Cap Rate
6.50%
NOI
$947,052
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
3.79 AC
Zoning
General Commercial
AMENITIES
- Dedicated Turn Lane
- Signage
- Signalized Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 42882361 | Improvements Assessment | $0 |
| Land Assessment | $1,407,073 | Total Assessment | $1,407,073 |
PROPERTY TAXES
Parcel Number
42882361
Land Assessment
$1,407,073
Improvements Assessment
$0
Total Assessment
$1,407,073
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Crunch Fitness | New 20yr Abs NNN | 1653 Creststone Trl
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