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LA Fitness 4900 W University Dr

37,000 SF Retail Building Prosper, TX 75078 $12,855,000 ($347/SF) 5.75% Cap Rate

Investment Highlights

  • Generational Real Estate & Corporate Lease
  • Located in North Dallas' Economic Corridor
  • Explosive Regional Power Center Destination

Executive Summary

The NNN Fitness group at Marcus & Millichap is pleased to bring to market a premier single-tenant LA Fitness property located in the booming submarket of Prosper, TX (North DFW). This newly constructed, 37,000-square-foot state-of-the-art facility sits on over 4 acres, offering abundant parking and an irreplaceable position in the North Dallas Economic Corridor. The property features a long-term corporate-backed lease, with Fitness International, LLC, the nation’s largest non-franchised health club chain. Located in the heart of a bustling retail hub including Kroger, Walmart, and HEB as well as the new Omni Hotel and PGA World Headquarters, this is a generational investment opportunity offering security and long-term growth.
Strategically positioned at the intersection of US 380 and FM 423, this LA Fitness location benefits from an impressive daily traffic count of over 99,000 vehicles, attracting residents from the rapidly growing surrounding neighborhoods. Prosper itself is a high-growth area, with affluent demographics and an expanding residential base, making it one of North Texas’s most desirable destinations for both families and businesses. The population within a 3-mile radius exceeds 80,000, with average household incomes around $158,756, underscoring this property’s significant market appeal.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
37,000 SF
Building Class
B
Year Built
2022
Price
$12,855,000
Price Per SF
$347
Cap Rate
5.75%
NOI
$739,260
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
4.08 AC
Parking
37,000 Spaces

Nearby Major Retailers

LA Fitness
InTouch Credit Union
Mod Pizza
Club Pilates
First Watch
Salad and Go
Starbucks
Kroger
Torchy's Tacos
Ihop Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R752740
Land Assessment
$2,667,832
Improvements Assessment
$5,132,168
Total Assessment
$7,800,000
  • Listing ID: 33876117

  • Date on Market: 11/14/2024

  • Last Updated:

  • Address: 4900 W University Dr, Prosper, TX 75078

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