4900 W University Dr | Prosper, TX 75078
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4900 W University Dr
Prosper, TX 75078
LA Fitness · Retail Property For Sale
Investment Highlights
- Structured Rental Escalations: Base rent increases every five years, including within option terms, providing a predictable and growing income stream.
- Institutional-Quality Tenant: LA Fitness operates over 700 locations nationwide with more than 35 years of operational history.
- Top-Performing Location: According to Placer.ai, this LA Fitness ranks as the #1 location in the Dallas–Fort Worth Metroplex for foot traffic.
- NN+ Lease Structure: Long term lease with minimal landlord responsibilities, offering passive cash flow and operational simplicity.
- E-Commerce Resilient Use: Fitness centers are inherently resistant to online disruption, offering experiential, service-based uses.
Property Facts
Property Type
Retail
Building Size
37,000 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
4.08 AC
Zoning
C - Commercial
Parking
250 Spaces (6.76 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R752740 | Improvements Assessment | $4,942,890 |
| Land Assessment | $3,557,110 | Total Assessment | $8,500,000 |
Property Taxes
Parcel Number
R752740
Land Assessment
$3,557,110
Improvements Assessment
$4,942,890
Total Assessment
$8,500,000
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