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Club Studio Sale-Leaseback (LA Fitness) 7007 Arapaho Rd 64,560 SF 100% Leased Retail Building Dallas, TX 75248 $20,000,000 ($309.79/SF) 5.75% Cap Rate
Investment Highlights
- One-of-a-Kind Dallas Opportunity
- Top Ranking Healthclub Operator
- 20-Year Absolute NNN Sale-Leaseback
Executive Summary
• Sale-Leaseback: Single-Tenant Club Studio
° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
° Rare, Absolute NNN Lease. No landlord responsibilities.
° 20-year Primary Term, plus three (3), 5-year Options
° 8% Rent Increases every 5 years, including Options
• About Club Studio
° Fitness International’s Highest-End health club offering
° $134 - $249 monthly memberships
° 21 Club Studio locations Open, 21 Coming Soon, & many more in the development pipeline
° Studio Row: Club Studio’s signature boutique classes all centralized under one roof - Pilates,
HIIT, Cycling, Boxing & Hot Yoga
• About Fitness International, LLC
° Parent Company to Club Studio and LA Fitness
° (+) 660 open and operating full-service health clubs across North America, and expanding
° #1 largest health club operator in North America by revenue
° $2.2B Estimated Annual Revenue
° Founded in 1984, with over 40 Years of Operational Experience
• One-of-a-Kind Dallas Opportunity: Located in the Prestonwood neighborhood, one of the
more established and affluent residential pockets in North Dallas, featuring $215K+ average
household incomes and strong home values
• Dense Infill Demographics: Over 158,000 residents within 3 miles and nearly 400,000 residents
within 5 miles, providing a deep and established customer base for fitness, retail, and serviceoriented
tenants
• Brand-New Construction w/ Pickleball: Fitness International’s highest-end Club Studio brand,
incorporating \ pickleball amenities to differentiate member experience
• Adjacent to Hillcrest Village: This 150,000 sf lifestyle center has recently undergone a
transformative public-private redevelopment in partnership with the City of Dallas to include a
1.5-acre park and 30 new leases signed, creating a premier community gathering destination
• Central Daily-Needs Positioning: Surrounded in all directions by strong daily-needs retailers
within 1.5 miles, including Trader Joe’s, Sprouts, Kroger, and Tom Thumb
• 35-min Drive to Dallas Fort Worth International Airport: #3 busiest commercial airport in
North America
• Dallas-Fort Worth MSA: #1 Largest MSA in Texas with 8.1M residential population
• No State Income Tax: Attractive for any out-of-state investor
° Corporate Lease with Fitness International, LLC [LA Fitness & Club Studio Parent Co.]
° Rare, Absolute NNN Lease. No landlord responsibilities.
° 20-year Primary Term, plus three (3), 5-year Options
° 8% Rent Increases every 5 years, including Options
• About Club Studio
° Fitness International’s Highest-End health club offering
° $134 - $249 monthly memberships
° 21 Club Studio locations Open, 21 Coming Soon, & many more in the development pipeline
° Studio Row: Club Studio’s signature boutique classes all centralized under one roof - Pilates,
HIIT, Cycling, Boxing & Hot Yoga
• About Fitness International, LLC
° Parent Company to Club Studio and LA Fitness
° (+) 660 open and operating full-service health clubs across North America, and expanding
° #1 largest health club operator in North America by revenue
° $2.2B Estimated Annual Revenue
° Founded in 1984, with over 40 Years of Operational Experience
• One-of-a-Kind Dallas Opportunity: Located in the Prestonwood neighborhood, one of the
more established and affluent residential pockets in North Dallas, featuring $215K+ average
household incomes and strong home values
• Dense Infill Demographics: Over 158,000 residents within 3 miles and nearly 400,000 residents
within 5 miles, providing a deep and established customer base for fitness, retail, and serviceoriented
tenants
• Brand-New Construction w/ Pickleball: Fitness International’s highest-end Club Studio brand,
incorporating \ pickleball amenities to differentiate member experience
• Adjacent to Hillcrest Village: This 150,000 sf lifestyle center has recently undergone a
transformative public-private redevelopment in partnership with the City of Dallas to include a
1.5-acre park and 30 new leases signed, creating a premier community gathering destination
• Central Daily-Needs Positioning: Surrounded in all directions by strong daily-needs retailers
within 1.5 miles, including Trader Joe’s, Sprouts, Kroger, and Tom Thumb
• 35-min Drive to Dallas Fort Worth International Airport: #3 busiest commercial airport in
North America
• Dallas-Fort Worth MSA: #1 Largest MSA in Texas with 8.1M residential population
• No State Income Tax: Attractive for any out-of-state investor
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
64,560 SF
Building Class
B
Year Built
1979
Price
$20,000,000
Price Per SF
$309.79
Cap Rate
5.75%
NOI
$1,150,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.30
Lot Size
5.01 AC
Zoning
CR
Parking
450 Spaces (6.97 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 00000797729400000 | Improvements Assessment | $2,914,600 |
| Land Assessment | $1,745,890 | Total Assessment | $4,660,490 |
Property Taxes
Parcel Number
00000797729400000
Land Assessment
$1,745,890
Improvements Assessment
$2,914,600
Total Assessment
$4,660,490
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