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LA Fitness | Richmond, TX 19409 W Bellfort Dr 47,000 SF 4-Star Retail Building Richmond, TX 77407 $13,250,000 ($281.91/SF) 6.75% Cap Rate
Investment Highlights
- Leased by Fitness International, LLC, the Parent Company of LA Fitness With 639 Locations
- 9.5 Years Remaining on 15-Year Initial Lease
- Ranked #1 on the “Most Successful Gyms in America”
- Signature Club Is the Premium Tier of LA Fitness
- $1.50 PSF Increases Every 5 Years (Next Increase Is 7.9% in October 2030)
- Largest Full-Service Gym by Locations
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Arts, Entertainment, and Recreation
- -
- $17.53
- Triple Net
- Mar 2035
LA Fitness, founded in 1984 in Covina, California, is a privately held fitness club chain headquartered in Irvine, California. The company operates under its parent entity, Fitness International, and has grown into one of the largest health club operators in North America. LA Fitness provides a wide range of amenities, including group fitness classes, personal training, swimming pools, and specialized workout areas, catering to members of all fitness levels. Over the years, the company has expanded through acquisitions and the development of new locations, maintaining a strong presence across the United States and Canada. In addition to its flagship brand, LA Fitness has introduced and managed other fitness concepts, such as City Sports Club and Club Studio Fitness, to diversify its offerings. The company remains privately owned and continues to adapt its services to meet evolving fitness trends and consumer preferences.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Arts, Entertainment, and Recreation | - | $17.53 | Triple Net | Mar 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0062-00-000-4020-907 | Improvements Assessment | $9,521,926 |
| Land Assessment | $2,562,074 | Total Assessment | $12,084,000 |
Property Taxes
Presented by
LA Fitness | Richmond, TX | 19409 W Bellfort Dr
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