3105 William D Tate Ave | Grapevine, TX 76051
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- LoopNet Team
3105 William D Tate Ave
Grapevine, TX 76051
Movement Climbing, Yoga & Fitness · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate lease, the largest operator of rock-climbing gyms in the US with 32 locations
- 15-year original lease commenced in April 2023, 14 years of firm term remaining and scheduled 2.00% annual rental increases
- Double-net Lease (Landlord responsibilities limited to roof repair, maintenance, and replacement)
- Location features: 50-foot-high rope climbing walls, Extensive bouldering terrain, Complete fitness facilities, and Dedicated yoga studio
- 4 (5-Year) Renewal Options with 2.00% annual rental increases
- High-traffic site facing 2 major highways (State Highways 360 & 121)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Health Club
Building Size
36,000 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
3 Stories
Building FAR
0.20
Lot Size
4.20 AC
PROPERTY TAXES
| Parcel Number | 42819669 | Improvements Assessment | $2,140,413 |
| Land Assessment | $792,816 | Total Assessment | $2,933,229 |
PROPERTY TAXES
Parcel Number
42819669
Land Assessment
$792,816
Improvements Assessment
$2,140,413
Total Assessment
$2,933,229
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