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LA Fitness 4900 W University Dr 37,000 SF Retail Building Prosper, TX 75078 $11,828,160 ($319.68/SF) 6.25% Cap Rate
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.
EXECUTIVE SUMMARY
Patrick Graham
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
37,000 SF
Building Class
B
Year Built
2022
Price
$11,828,160
Price Per SF
$319.68
Cap Rate
6.25%
NOI
$739,260
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)
NEARBY MAJOR RETAILERS
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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LA Fitness | 4900 W University Dr
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