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Crunch Fitness | New 20yr Abs NNN w/ Incrs 172 Trailhouse Ln 35,000 SF 4-Star Retail Building Forney, TX 75126 $13,454,000 ($384.40/SF) 6.50% Cap Rate
Investment Highlights
- New, 20-Year Lease | Franchisee Guaranteed Lease (75+ Units) |Options To Extend | Scheduled Rental Increases
- Anchor of Large Retail Development | Mustang Crossing of Forney
- 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 Forney, 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
Retail
Property Subtype
Building Size
35,000 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2026
Construction Status
Under Construction
Price
$13,454,000
Price Per SF
$384.40
Cap Rate
6.50%
NOI
$874,514
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
3.28 AC
Zoning
PD
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Number | 6574 | Improvements Assessment | $0 |
| Land Assessment | $2,283,241 | Total Assessment | $2,283,241 |
Property Taxes
Parcel Number
6574
Land Assessment
$2,283,241
Improvements Assessment
$0
Total Assessment
$2,283,241
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Crunch Fitness | New 20yr Abs NNN w/ Incrs | 172 Trailhouse Ln
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