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21382461
21382460

2701 Halloran St, Fort Worth, TX 76107

MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$17,500,000
499 days on market
Updated 23 days ago

24 Hour Fitness | 12%+ Cash-on-Cash Return | Fort Worth, TX

Details
Property Type Retail
Sub Type Fitness, Freestanding (+1)
Square Footage 42,267
Cap Rate 8.00%
NOI $1,400,000
Occupancy 100%
Tenancy Single
Brand/Tenant 24 Hour Fitness
Lease Type NN
Lease Expiration 05/30/2036
Remaining Term 10
Rent Bumps Yes
Lease Options (4) 5 Years
Broker Co-Op Yes
Year Built 2008
Buildings 1
Stories 2
Acreage 3.930
Parking Spaces spaces
Investment Type Core+
Ownership Fee Simple
Sale Condition For sale by owner

Prime Visibility + High Returns | Assumable Financing | Long-Term Corporate Lease | Fort Worth, TX

Marketing description

The NNN Fitness Group of Marcus & Millichap is pleased to present a freestanding single-tenant 24 Hour Fitness in Fort Worth, Texas, situated on a 3.93-acre lot with high visibility along Interstate 30, benefiting from over 114,000 vehicles per day. This property features over 11 years remaining on a corporate lease with structured rent increases and four 5-year renewal options, providing stable, long-term income with an attractive 8.00% cap rate. The new investor will benefit from below-market-rate assumable financing offering double digit cash-on-cash returns.

Located just 4.5 miles from Texas Christian University and 5.5 miles from downtown Fort Worth, the property is surrounded by a growing population of nearly 292,000 residents within five miles, supported by robust average household incomes exceeding $95,000 within three miles. The retail corridor, anchored by national and local retailers, sees consistent consumer traffic, while nearby developments like the 401-unit Jefferson Ridglea Village apartments further enhance the area’s growth and demand for fitness services. This prime investment opportunity combines exceptional location, strong tenant performance, and attractive financial returns.

Investment highlights

  • Long-Term Corporate Lease w/ Stability

  • Strategic Location in a Growing College Town

  • Prime Visibility + High Returns

Listing Contacts

MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,400,000.00
$116,666.67/mo

Valuation Metrics

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DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Tim Speck
License
TX 9002994
Brokerage
Marcus & Millichap
Title
Broker of Record
Brokerage Address
5001 Spring Valley Rd., Ste. 1100 W Dallas, TX 75244
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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