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Club Studio (LA Fitness Corporate) 1824 W Slaughter Ln 45,140 SF 100% Leased Retail Building Austin, TX 78748 $25,713,319 CAD ($569.63 CAD/SF) 6.50% Cap Rate

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Investment Highlights

Brand New Club Studio Conversion
Corporate-Back Security

Dominant Austin Market Fundamentals
High-Traffic, Affluent Location

Executive Summary

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.

Offering Memorandum

Financial Summary (Actual - 2026) Click Here to Access	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Net Operating Income	-	-

Financial Summary (Actual - 2026) Click Here to Access

Gross Rental Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income (CAD)
Annual	-
Annual Per SF	-

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Health Club

Building Size

45,140 SF

Building Class

Year Built/Renovated

2007/2026

Price

$25,713,319 CAD

Price Per SF

$569.63 CAD

Cap Rate

6.50%

NOI

$1,671,366 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.13

Lot Size

7.72 AC

Parking

259 Spaces (7 Spaces per 1,000 SF Leased)

Frontage

354’ on W Slaughter Ln

Arts, Entertainment, and Recreation
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

LA Fitness, founded in 1984 in Covina, California, is a privately held fitness club chain headquartered in Irvine, California. The company operates under its parent entity, Fitness International, and has grown into one of the largest health club operators in North America. LA Fitness provides a wide range of amenities, including group fitness classes, personal training, swimming pools, and specialized workout areas, catering to members of all fitness levels. Over the years, the company has expanded through acquisitions and the development of new locations, maintaining a strong presence across the United States and Canada. In addition to its flagship brand, LA Fitness has introduced and managed other fitness concepts, such as City Sports Club and Club Studio Fitness, to diversify its offerings. The company remains privately owned and continues to adapt its services to meet evolving fitness trends and consumer preferences.