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Hidden Gym NNN Lease w/Below Market Rent 235 N Central Expy 14,056 SF Retail Building Richardson, TX 75080 $3,450,000 ($245.45/SF)
Investment Highlights
- Strategic Location: Frontage on US-75 near Belt Line Road with exposure to over 270,000 vehicles per day
- NNN Lease Structure: Minimal landlord responsibilities with annual rent increases of 3%
- Tenant Profile: Hidden Gym is a regional operator with 10+ years in business and both corporate and personal lease guarantees
- Below Market Rents: 23%+ below market lease rate with strong potential for re-tenanting or renewal at higher rents
- Demographic Strength: 395,000+ residents within a 5-mile radius and avg. HH income near $105K
- Value-Add Opportunity: Lease expires in December 2028 — potential to re-lease at $20+ PSF
Executive Summary
Mohr Partners is pleased to offer a 14,056-square-foot freestanding single-tenant asset strategically positioned along US Highway 75 in Richardson, Texas. This high-visibility site benefits from nearly 240,000 vehicles per day on Central Expressway and immediate access to Belt Line Road, a major arterial within the DFW metroplex.
Currently occupied by Hidden Gym, a regional fitness operator with three locations, the property is on a NNN lease with minimal landlord responsibilities. With just under four years remaining on the term and existing rents 23% below market, investors have a unique opportunity to unlock value via renewal at market rates or re-tenanting the property.
The offering sits on nearly one acre (0.98 acres) with strong area demographics—395,000+ residents within five miles and average household incomes near $105,000. Built in 1996 and renovated in 2020/2021, the building is modernized, functional, and adaptable for a variety of future uses.
This is a compelling investment for buyers seeking income stability today with strategic upside potential in the near term.
Currently occupied by Hidden Gym, a regional fitness operator with three locations, the property is on a NNN lease with minimal landlord responsibilities. With just under four years remaining on the term and existing rents 23% below market, investors have a unique opportunity to unlock value via renewal at market rates or re-tenanting the property.
The offering sits on nearly one acre (0.98 acres) with strong area demographics—395,000+ residents within five miles and average household incomes near $105,000. Built in 1996 and renovated in 2020/2021, the building is modernized, functional, and adaptable for a variety of future uses.
This is a compelling investment for buyers seeking income stability today with strategic upside potential in the near term.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,056 SF
Building Class
C
Year Built
1996
Price
$3,450,000
Price Per SF
$245.45
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
0.98 AC
Zoning
Commercial - PD
Parking
42 Spaces (2.99 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Hidden Gym
- -
- 14,056 SF
- $15.39
- Triple Net
- Dec 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Hidden Gym | - | 14,056 SF | $15.39 | Triple Net | Dec 2028 |
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 420715100102A0000 | Improvements Assessment | $1,111,820 |
| Land Assessment | $638,180 | Total Assessment | $1,750,000 |
Property Taxes
Parcel Number
420715100102A0000
Land Assessment
$638,180
Improvements Assessment
$1,111,820
Total Assessment
$1,750,000
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Hidden Gym NNN Lease w/Below Market Rent | 235 N Central Expy
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