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Movement Gyms - Climbing Yoga Fitness 2828-2832 W Lancaster Ave 12,490 SF Retail Building Fort Worth, TX 76107 $3,490,415 CAD ($279.46 CAD/SF) 7.22% Cap Rate



Investment Highlights
- PRIME URBAN FT. WORTH LOCATION
- 2% ANNUAL RENTAL INCREASES
- SIGNIFICANTLY BELOW MARKET RENT
- NATION’S LARGEST ROCK CLIMBING GYM OPERATOR
Executive Summary
The Ficke Team of Colliers is pleased to present the exclusive investment opportunity of a premier asset leased to Movement Gyms. Herein referred to as “Movement Gym - Ft. Worth,” this rare offering features a state-of-the-art rock climbing and fitness Center. With a long operating history in place, and Four (4) 5-year options to renew, this is a strong opportunity to cash flow a premier and well located asset within the heart of Ft. Worth TX.
Strategically positioned within the #1 rated investment market in the country, Movement Gym – Ft. Worth represents an exceptional opportunity to acquire a high performing asset backed by a leading brand in the climbing and fitness industry. Originally operating under the “Summit Climbing, Yoga, and Fitness” umbrella, this location was acquired by Movement Gyms in mid-2023. Movement Gyms is uniquely positioned to provide a broader scope of fitness services, offering not only an expansive rock climbing area but also designated spaces for yoga, cardio, and weight lifting.
Located within the heart of the Cultural District in Ft. Worth TX, the vicinity is experiencing significant investment, with projects like Crescent Real Estate’s luxury hotel, office, and residential development at Camp Bowie and Van Cliburn, and an $850 million mixed-use project by Larkspur, featuring 2 million square feet of residential and retail. The location is adjacent to the West 7th District, a walkable five-block area filled with boutique shopping, dining, and entertainment options. Nearby Montgomery Plaza offers a mix of national retailers and local businesses, enhancing the area’s appeal to residents and visitors alike.
Strategically positioned within the #1 rated investment market in the country, Movement Gym – Ft. Worth represents an exceptional opportunity to acquire a high performing asset backed by a leading brand in the climbing and fitness industry. Originally operating under the “Summit Climbing, Yoga, and Fitness” umbrella, this location was acquired by Movement Gyms in mid-2023. Movement Gyms is uniquely positioned to provide a broader scope of fitness services, offering not only an expansive rock climbing area but also designated spaces for yoga, cardio, and weight lifting.
Located within the heart of the Cultural District in Ft. Worth TX, the vicinity is experiencing significant investment, with projects like Crescent Real Estate’s luxury hotel, office, and residential development at Camp Bowie and Van Cliburn, and an $850 million mixed-use project by Larkspur, featuring 2 million square feet of residential and retail. The location is adjacent to the West 7th District, a walkable five-block area filled with boutique shopping, dining, and entertainment options. Nearby Montgomery Plaza offers a mix of national retailers and local businesses, enhancing the area’s appeal to residents and visitors alike.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,490 SF
Building Class
C
Year Built
1970
Price
$3,490,415 CAD
Price Per SF
$279.46 CAD
Cap Rate
7.22%
NOI
$252,065 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.72
Lot Size
0.40 AC
Zoning
MU2
Parking
14 Spaces (1.12 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (74)
Nearby Major Retailers
Property Taxes
| Parcel Number | 03253929 | Improvements Assessment | $1,270,864 CAD |
| Land Assessment | $1,201,842 CAD | Total Assessment | $2,472,705 CAD |
Property Taxes
Parcel Number
03253929
Land Assessment
$1,201,842 CAD
Improvements Assessment
$1,270,864 CAD
Total Assessment
$2,472,705 CAD
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Movement Gyms - Climbing Yoga Fitness | 2828-2832 W Lancaster Ave
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