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24 Hour Fitness - Willowbrook 7300 W Greens Rd 47,988 SF Retail Building Houston, TX 77064 $8,733,952 CAD ($182.00 CAD/SF) 10% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Substantial Land Parcel (5.50 Acres) with Long Term Redevelopment Potential Asset
  • Excellent Connectivity and Exposure in a High Traffic Corridor: Tomball Parkway (SH 249) has an average daily traffic count exceeding 148K VPD.
  • Access to Houston’s Most Affluent and Expanding Consumer Bases: Local retailers include Dick’s Sporting Goods, Target, Academy Sports, and more.
  • Delivered at a Fraction of Replacement Cost: The property is listed for $130.45 per square foot.

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to exclusively offer for sale 24 Hour Fitness - Willowbrook. This 47,988-square-foot freestanding building, situated on 5.50 acres, represents a compelling investment opportunity in one of Houston’s most dynamic growth corridors. Originally constructed in 1994 and renovated in 2018, the property provides investors with a substantial footprint at a basis well below replacement cost in a high-barrier-to-entry submarket.
Located in Northwest Houston—an area experiencing significant residential and commercial expansion—the property benefits from shifting population and income growth patterns favoring the Tomball/Willowbrook submarket. The immediate trade area is characterized by dense demographics, strong consumer demand, and sustained development activity.
The asset enjoys high visibility along Tomball Parkway (State Highway 249), with average daily traffic counts exceeding 148,000 vehicles per day, and is just minutes from Willowbrook Mall, one of the region’s top-performing retail hubs. This positioning ensures strong long-term fundamentals for both occupancy and rent growth, whether for traditional retail, medical, or service-oriented uses.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
47,988 SF
Building Class
B
Year Built
1994
Price
$8,733,952 CAD
Price Per SF
$182.00 CAD
Cap Rate
10%
NOI
$873,395 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.20
Lot Size
5.50 AC
Zoning
F1 - Real Commercial
Parking
388 Spaces (8.09 Spaces per 1,000 SF Leased)
Frontage
203’ on Greens Rd

AMENITIES

  • Freeway Visibility
  • Pool
  • Security System
  • Signage
  • Air Conditioning

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Arts, Entertainment, and Recreation
  • -
  • -
  • Jan 0000

A lot can change in 40 years. The mission remains the same: to help the community live healthier and happier through the transformative power of fitness. The world is ready, however, for a new definition of fitness – one that includes focus and recovery in addition to fuel and performance. Throughout their clubs, programming and 24GO® fitness app, they help members find strength in 24 across all of these modalities. 24 Hour Fitness clubs provide thousands of square feet of modern equipment, turf zones, free weights, and functional training areas, along with personal and group fitness training, and studio classes such as yoga, HIIT and cycle. Infrared saunas, cold plunges, saunas and steam rooms support physical recovery to keep members charging toward their goals. The 24GO® fitness app includes thousands of workouts, meditations and recovery routines for inside the club, at home or on the go.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Arts, Entertainment, and Recreation - - Jan 0000

NEARBY MAJOR RETAILERS

Buffalo Wild Wings
Saltgrass Steak House
Starbucks
The Juicy Crab
Villa Italian Kitchen
Sarku Japan
Denny's
Hooters
Pappadeaux Seafood Kitchen
Five Guys

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1180520010001
Land Assessment
$3,381,134 CAD
Improvements Assessment
$5,346,512 CAD
Total Assessment
$8,727,646 CAD
  • Listing ID: 36898927

  • Date on Market: 2025-07-24

  • Last Updated:

  • Address: 7300 W Greens Rd, Houston, TX 77064

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