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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 bring to market a 37,000 square-foot Club Studio located in Austin, Texas. The property is secured by a brand new 18-year lease with Fitness International, LLC, providing long-term stability with built-in 10% rental increases every five years, as well as two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness, with a grand opening scheduled for October 2026, allowing investors to acquire a newly repositioned facility backed by Fitness International, which operates 660+ locations nationwide and maintains an S&P credit rating of B/Positive.
Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy.
Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
37,000 SF
Building Class
B
Year Built/Renovated
2015/2026
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
Parking
259 Spaces (7 Spaces per 1,000 SF Leased)
Frontage
354’ on W Slaughter Ln
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
LA Fitness began in Southern California in 1984 and grew into a gym and health club chain serving members across the United States and Canada. The company offers a wide range of amenities, including cardio and free-weight equipment, basketball, racquetball, swimming, indoor cycling, personal training, and group fitness, along with newer club features such as contactless check-in and trial access options. LA Fitness positions its clubs around broad fitness support for members of different experience levels and interests, while continuing to expand its network of state-of-the-art facilities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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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