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34009337
34009335

1824 W SLAUGHTER LN, AUSTIN, TX 78748

TS
TX 9002994, OK 149994
Marcus & Millichap - Oklahoma City
MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - Oklahoma City, Marcus & Millichap - San Diego
$18,092,300
2 days on market
Updated 2 days ago

Club Studio (LA Fitness Corporate) | Austin, TX

Details
Property Type Retail
Sub Type Fitness, Gym (+1)
Square Footage 37,000
Units 1
Cap Rate 6.50%
NOI $1,176,000
Tenancy Single
Brand/Tenant LA Fitness
Lease Type NNN
Lease Expiration 08/04/2044
Remaining Term 18.1
Rent Bumps Yes
Lease Options (2) 5 Year
Year Built 2015
Year Renovated 2026
Acreage 7.720
Parking Spaces 259 spaces
Parking per 1,000 SqFt 7.00
Tenant Credit Credit Rated
Lease Commencement 08/05/2026
Ground Lease No

Club Studio | Austin, TX | 18+ Year Lease | S&P 'B/Positive' Rating | Brand New Conversion

Marketing description

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 37,000 square-foot Club Studio located in Austin, Texas. The property is secured by a brand new 18-year lease with Fitness International, LLC, providing long-term stability with built-in 10% rental increases every five years, as well as two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness, with a grand opening scheduled for August 2026, allowing investors to acquire a newly repositioned facility backed by Fitness International, which operates 700+ locations nationwide and maintains an S&P credit rating of B/Positive.

Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy.

Investment highlights

  • Brand New Club Studio Conversion
  • Dominant Austin Market Fundamentals
  • Corporate-Back Security
  • High-Traffic, Affluent Location

Listing Contacts

TS
TX 9002994, OK 149994
Marcus & Millichap - Oklahoma City
MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - Oklahoma City, Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,176,000.00
$98,000.00/mo

Valuation Metrics

0
DSCR
6.5%
Cap Rate
6.5%
ROI

Map

Zoning

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GR-CO OverlayCommunity Commercial Conditional Overlay
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Tim Speck
License
9002994
Brokerage
Marcus & Millichap
Brokerage Phone
(972) 755-5200
Title
Broker of Record
Brokerage Address
5001 Spring Valley Rd., Ste. 1100 W Dallas, TX 75244
Name
Tim Speck
License
9002994
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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