4220 Midway Rd
Carrollton, TX 75007
LA Fitness: Dallas, TX · Retail Property For Sale

PREMIER TENANT: LA Fitness is an American gym chain that was founded in 1984 with one location in a suburb of Los Angeles, California. Today, there are more than 700 clubs across the United Stated and Canada and they are continuing to expand by acquiring under-performing fitness clubs and by developing, opening and operating newly constructed properties. LA Fitness features diverse sports club amenities, typically including cardio & strength equipment, personal training, indoor cycling, group exercise classes, pool, spa, basketball courts and racquetball. The tenant under the lease is Fitness International, LLC which is LA Fitness’ main operating entity. NEW LEASE WITH ATTRACTIVE RENT ESCALATIONS: LA Fitness’ recently extended net lease has ±14.7 years of initial term remaining and features a rent escalation of approximately $1.00/SF every 5 years during the initial term, as well as in each of the three 5-year renewal options. EXCELLENT ACCESS AND VISIBILITY: LA Fitness boasts excellent access and visibility at the hard corner intersection of West Park Boulevard (Traffic Count: 33,375 VPD) and Midway Road (Traffic Count: 38,180 VPD), which is the main thoroughfare providing access south to Dallas. DOMINANT RETAIL CORRIDOR: The site is positioned in a dominant retail and commercial corridor which encompasses 9.9 MSF or retail, 9.6 MSF of office, 1.3 MSF of industrial, and 39,243 multifamily units within a 3-mile radius. Premier tenants within the immediate vicinity include Target, Walmart, The Home Depot, Costco, Kroger, Michael’s, Hobby Lobby, PetSmart, Academy Sports, Total Wine & More, Bed Bath & Beyond, Office Max, Walgreens, Sherwin-Williams, Batteries and Bulbs, The UPS Store, Verizon, Sprint, Advantage Storage, Caliber Collision, Driver’s Edge, Discount Tire, Quik Trip, Chase, Bank of Texas, Bank of America, BB&T, Bank OZK, Maggiano’s, Buffalo Wild Wings, The Keg, Chick-fil-A, Chipotle, McAlister’s Deli, Smash Burger, Whataburger, Taco Bell, Schlotzsky’s, Raising Cane’s, Wendy’s, McDonald’s, and Dunkin’ among many others.