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Club Studio (LA Fitness Corporate) 1824 W Slaughter Ln 37,000 SF Retail Building Austin, TX 78748 $18,092,300 ($488.98/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Club Studio Conversion
- Corporate-Back Security
- Dominant Austin Market Fundamentals
- High-Traffic, Affluent Location
EXECUTIVE SUMMARY
The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 37,000-square-foot Club Studio in Austin, Texas. Built in 2015 and set on 7.72 acres, this property is a brand-new conversion from LA Fitness to Club Studio with a $4.56 million landlord-funded renovation allowance. Club Studio is Fitness International’s newest luxury fitness brand, offering boutique studio classes and high-end amenities under one roof. The property is leased to Fitness International, LLC—the parent company of LA Fitness, with 728+ locations and an S&P “B/Stable” rating—under a new 18.5 year lease term extending through 2044, with two additional 5-year options.
Ideally positioned on W. Slaughter Lane with exposure to over 71,000 vehicles per day, the site benefits from exceptional demographics including an average household income of $117,000 within one mile. Just eight miles from downtown Austin, the property is surrounded by dense residential communities and national retailers, ensuring strong long-term demand in one of the fastest-growing markets in the U.S.
Ideally positioned on W. Slaughter Lane with exposure to over 71,000 vehicles per day, the site benefits from exceptional demographics including an average household income of $117,000 within one mile. Just eight miles from downtown Austin, the property is surrounded by dense residential communities and national retailers, ensuring strong long-term demand in one of the fastest-growing markets in the U.S.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
|
-
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| Effective Gross Income |
-
|
-
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| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
37,000 SF
Building Class
B
Year Built
2015
Price
$18,092,300
Price Per SF
$488.98
Cap Rate
6.50%
NOI
$1,176,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
7.72 AC
Frontage
354’ on W Slaughter Ln
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Club Studio
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Club Studio | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 861458 | Improvements Assessment | $8,182,933 (2025) |
| Land Assessment | $2,853,195 (2025) | Total Assessment | $11,036,128 (2025) |
PROPERTY TAXES
Parcel Number
861458
Land Assessment
$2,853,195 (2025)
Improvements Assessment
$8,182,933 (2025)
Total Assessment
$11,036,128 (2025)
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Club Studio (LA Fitness Corporate) | 1824 W Slaughter Ln
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