24 Hour Fitness | Pearland, TX 77584
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24 Hour Fitness
Pearland, TX 77584
Long Term Lease- Trophy Site- Top Location · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Corp. Lease by 24 Hour Fitness USA, Inc. - 12+ Yrs. plus Options - Open/Paying Full Rent
- 2nd Largest Fitness Chain in the U.S. - Iconic Brand Name with 430+ Locations across the Country
- Corporate Guarantee with 30% Rent Bump in 2024 - 10% Rent Bumps Every 5 Years - Minimal LL Duties
- Hyper-Dense Retail Corridor just off 288 Freeway - Adjacent to Home Depot/Walmart/Target/Kohl’s
- Affluent Suburb of Houston MSA - One of the Top Fastest Growing City Populations in the Entire Nation
- In Place Assumable Loan at 4.63% Interest Rate - Perfect 1031 Exchange Buyer Asset - Huge Cash on Cash
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
39,856 SF
Building Class
B
Year Built/Renovated
2006/2012
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
5.65 AC
Zoning
C - Commercial
Parking
350 Spaces (8.78 Spaces per 1,000 SF Leased)
Frontage
844’ on Miller Ranch Rd
AMENITIES
- Monument Signage
PROPERTY TAXES
| Parcel Number | 7033-0001-000 | Improvements Assessment | $8,568,220 |
| Land Assessment | $1,331,780 | Total Assessment | $9,900,000 |
PROPERTY TAXES
Parcel Number
7033-0001-000
Land Assessment
$1,331,780
Improvements Assessment
$8,568,220
Total Assessment
$9,900,000
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