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29496219
29496220

19409 W Bellfort St, Richmond, TX 77407 For Sale

KF
CA 01321833
Hanley Investment Group
SR
TX 9009637, CA 02101543 (+42)
ParaSell Inc
Listed by Hanley Investment Group, ParaSell Inc
$13,250,000
176 days on market
Updated 1 day ago

LA Fitness Richmond, TX

Details
APN 0062-00-000-4020-907
Property Type Retail
Sub Type Storefront
Square Footage 47,000
Net Rentable (SqFt) 47,000
Cap Rate 6.75%
NOI $894,410
Occupancy 100%
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NNN
Lease Term 15.5
Lease Expiration 09/29/2035
Remaining Term 9.2
Rent Bumps Yes
Lease Options Three 5-Year @ $1.50/sf/yr Each Option
Price per SqFt $282
Broker Co-Op Yes
Year Built 2019
Buildings 1
Stories 1
Acreage 4.910
Lease Commencement 03/29/2020

9.5 Years Remaining on Initial 15-Year Lease | Signature Club is the Premium Tier of LA Fitness

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/LAFitness_Richmond

Investment highlights

  • Single-Tenant LA Fitness Signature Club:

    • Leased by Fitness International, LLC, the parent company of LA Fitness with 639 locations

    • Signature Club is the Premium Tier of LA Fitness

    • 9.5 years remaining on 15-year initial lease

    • $1.50 PSF increases every 5 years (next increase is 7.9% in October 2030)

    • Ranked #1 on the “Most Successful Gyms in America”

    • Largest Full-Service Gym by Locations

    • Subsidiary of Fitness International, LLC, which also owns City Sports Club and Club Studio Fitness

    • Estimated 2025 revenue of $2.4 billion

  • #1 Most Trafficked Location in Houston; #2 in Texas in LA Fitness Chain; Top 4% Across All Chains (Placer.ai)

  • Located in Waterview Town Center, Anchored by Sprouts Farmers Market, At Home and Academy Sports + Outdoors

  • Epicenter of Retail at Intersection, Including Regional Traffic Draws Costco, H-E-B, Target, Burlington, Five Below, Hobby Lobby, Marshalls, Michaels, Old Navy, Petco, PetSmart, Rally House, Ross, Skecher, ULTA

  • Mid-Priced Fitness Centers, Such as LA Fitness, Experienced a 3.7% Growth in Total Visits in 2025

  • Located Immediately off TX-99

  • 240,000 People with $135,000 AHHI in a 5-Mile Radius

  • Richmond is in Fort Bend County, the 7th Fastest-Growing County in the U.S.:

    • 19% population growth since 2020

    • Population is expected to grow from current 958,000 residents to 2.25 million residents by 2050

    • Fort Bend is the #4 Richest County in Texas

  • Houston is the 4th Most Populous City in the U.S.

    • #10 “100 Best Cities to Live, Work and Visit” — Resonance (2024)

    • Energy Capital of the World; world’s leading center for every segment of the energy industry

    • Home to 24 Fortune 500 companies including Chevron, Sysco, and Waste Management; 3rd most in U.S.

    • #27 “Best Performing Cities” — Milken Institute (2025)

Listing Contacts

KF
CA 01321833
Hanley Investment Group
SR
TX 9009637, CA 02101543 (+42)
ParaSell Inc
Listed by Hanley Investment Group, ParaSell Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$894,410.00
$74,534.17/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Scott Reid
License
9009637
Brokerage Phone
(949) 942-6578
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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