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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

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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

9.5 Years Remaining on Initial 15-Year Lease | Signature Club is the Premium Tier of LA Fitness | Largest Full-Service Gym by Locations | #1 Most Trafficked Location in Houston; #2 in Texas (Placer.ai) | Nearby Costco, H-E-B, Target, Hobby Lobby, Ross Dress for Less and Sprouts @ Waterview Town Center | Affluent Growing Demos; $135,000 AHHI; Projected 15% Population Growth

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
47,000 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$13,250,000
Price Per SF
$281.91
Cap Rate
6.75%
NOI
$894,375
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
4.91 AC
Zoning
YQ

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

Black Rock Coffee Bar
Sprouts Farmers Market
Torchy's Tacos
MOD Pizza
Club Pilates
Kroger
Starbucks
H-E-B
Bank of America
First Community Credit Union

Property Taxes

Property Taxes

Parcel Number
0062-00-000-4020-907
Land Assessment
$2,562,074
Improvements Assessment
$9,521,926
Total Assessment
$12,084,000
  • Listing ID: 39269864

  • Date on Market: 1/30/2026

  • Last Updated:

  • Address: 19409 W Bellfort Dr, Richmond, TX 77407

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