Log In/Sign Up
Your email has been sent.
Crunch Fitness | New 20yr Abs NNN w/ Incrs 172 Trailhouse Ln 35,000 SF 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
Building Size
35,000 SF
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
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Crunch Fitness | New 20yr Abs NNN w/ Incrs | 172 Trailhouse Ln
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.