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9050 Falcon View Dr
McKinney, TX 75070
LA Fitness · Retail Property For Sale
Investment Highlights
- Long-Term NN Lease | Fee Simple Ownership Approximately 6 years remaining with limited landlord maintenance/expense responsibilities making this an id
- Credit Tenant | Corporate Lease The lease is signed by Fitness International, LLC, rated “B” Stable by S&P, the largest non-franchised fitness club op
- Inflation Hedge The lease features rental increases every 5 years throughout the initial term and at the beginning of each option, increasing the NOI
Property Facts
Property Type
Retail
Property Subtype
Health Club
Building Size
37,000 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
6.69 AC
Zoning
PD - Planned Development
Parking
240 Spaces (6.48 Spaces per 1,000 SF Leased)
Frontage
915’ on Custer Rd
Amenities
- Signage
Property Taxes
| Parcel Number | R-10543-00A-0070-1 | Improvements Assessment | $6,588,567 |
| Land Assessment | $2,095,062 | Total Assessment | $8,683,629 |
Property Taxes
Parcel Number
R-10543-00A-0070-1
Land Assessment
$2,095,062
Improvements Assessment
$6,588,567
Total Assessment
$8,683,629
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