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LA Fitness 9955 Braun Rd 34,000 SF Retail Building Helotes, TX 78023 $15,303,255 CAD ($450.10 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- 15-Year Primary Term
- 20-Year Roof Warranty
- Brand-New Construction
EXECUTIVE SUMMARY
• Single-Tenant LA Fitness:
° Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 15-year Primary Lease Term, with three (3), 5-year Options
° Rent Increases every 5 years, including Options
• About LA Fitness:
° Fitness International, LLC [parent company]
° 735 open and operating health clubs across North America, and expanding
° #1 largest health club operator in North America by revenue
° $2.2B Estimated Annual Revenue
° Corporate Lease with Fitness International, LLC [LA Fitness’ Parent Company]
° NN+ Lease with minimal landlord responsibilities, ideal for a passive investor
° 15-year Primary Lease Term, with three (3), 5-year Options
° Rent Increases every 5 years, including Options
• About LA Fitness:
° Fitness International, LLC [parent company]
° 735 open and operating health clubs across North America, and expanding
° #1 largest health club operator in North America by revenue
° $2.2B Estimated Annual Revenue
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Health Club
Building Size
34,000 SF
Building Class
B
Year Built
2025
Price
$15,303,255 CAD
Price Per SF
$450.10 CAD
Cap Rate
6%
NOI
$918,195 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
3.70 AC
Zoning
Commercial - Commercial
Parking
253 Spaces (7.44 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- LA Fitness
- -
- -
- -
- Mar 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| LA Fitness | - | - | - | Mar 2040 |
NEARBY MAJOR RETAILERS
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LA Fitness | 9955 Braun Rd
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