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4900 W University Dr, Prosper, TX, 75078

LA Fitness
$11,828,160

Key Information

Cap Rate
6.25%
Tot. SF
37,000
Year Built
2022
Term Remaining
±12 Yrs
Type
Retail
NOI
$739,260

Highlights

  • Structured Rental Escalations: Base rent increases every five years, including within option terms, providing a predictable and growing income stream.
  • NN+ Lease Structure: Long term lease with minimal landlord responsibilities, offering passive cash flow and operational simplicity.
  • Institutional-Quality Tenant: LA Fitness operates over 700 locations nationwide with more than 35 years of operational history, positioning it as a leading fitness operator with strong credit and brand equity.
  • E-Commerce Resilient Use: Fitness centers are inherently resistant to online disruption, offering experiential, service-based uses that drive in-person visits and consistent traffic.
  • Top-Performing Location: According to Placer.ai, this LA Fitness ranks as the #1 location in the Dallas–Fort Worth Metroplex for foot traffic-demonstrating strong consumer demand and reinforcing operational stability.

Kevin Puder & Chad Kurz (In conjunction with Matthews Real Estate Investment Services, Inc., a cooperating foreign broker for this listing pursuant to Section 535.4(b) of the Texas Administrative Code)

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204