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Crunch Fitness & 151 Coffee 3601 Lakeview Pky 40,900 SF 100% Leased Retail Building Rowlett, TX 75088 $14,256,000 ($348.56/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- October 2025 Grand Opening | Franchisee Guaranteed Lease (75+ Units) | QSR W/ Drive-Thru Included - Popular Local Chain
- Strong National/Credit Tenant Presence | Dense Retail Corridor
- NNN Leases | Fee Simple & Leased Fee Ownership | Full Passthrough of NNN Expenses
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• The Crunch lease is guaranteed by the largest Crunch franchisee in the country with over 75 existing locations and plans to have 100 opened by the end of 2026
• Crunch has a new, 15-year lease with 3 (5-year) option periods to extend
• 151 Coffee has 13 years of term remaining with 4 (5-year) options to extend
• Both leases feature 10% rental increases every 5 years throughout the initial terms The asset provides investors with an opportunity to acquire a drive-thru equipped, QSR pad at a desirable cap rate
• 151 Coffee is a growing operator with 16 locations in Texas and Kansas
• The asset benefits from additional rental income from a Twice the Ice kiosk located on the parcel (Income is not included in pricing or NOI but does convey with the sale)
• Crunch has a new, 15-year lease with 3 (5-year) option periods to extend
• 151 Coffee has 13 years of term remaining with 4 (5-year) options to extend
• Both leases feature 10% rental increases every 5 years throughout the initial terms The asset provides investors with an opportunity to acquire a drive-thru equipped, QSR pad at a desirable cap rate
• 151 Coffee is a growing operator with 16 locations in Texas and Kansas
• The asset benefits from additional rental income from a Twice the Ice kiosk located on the parcel (Income is not included in pricing or NOI but does convey with the sale)
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
40,900 SF
Building Class
B
Year Built/Renovated
1994/2009
Price
$14,256,000
Price Per SF
$348.56
Cap Rate
6.75%
NOI
$962,257
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.17
Lot Size
5.52 AC
Zoning
Z92
Parking
497 Spaces (9.49 Spaces per 1,000 SF Leased)
Frontage
636’ on Lakeview Pky
AMENITIES
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 44000530010020000 | Improvements Assessment | $2,622,740 |
| Land Assessment | $1,442,260 | Total Assessment | $4,065,000 |
PROPERTY TAXES
Parcel Number
44000530010020000
Land Assessment
$1,442,260
Improvements Assessment
$2,622,740
Total Assessment
$4,065,000
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Crunch Fitness & 151 Coffee | 3601 Lakeview Pky
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