24 Hour Fitness | 7300 W Greens Rd
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24 Hour Fitness 7300 W Greens Rd
50,000 SF Retail Building Houston, TX 77064 $6,850,000 ($137/SF) 8% Cap Rate
Investment Highlights
- Absolute Net Corporate Lease
- Thriving area with Amazon's new 400,000 SF delivery centers fuels record job growth
- Prime outparcel location situated on 5.51 acres, featuring exposure to over 120,000 vehicles per day along Highway 249
Executive Summary
We are pleased to present an exclusive opportunity to acquire a single-tenant, Absolute Net 24 Hour Fitness property in Houston, Texas. The property features a corporate lease to 24 Hour Fitness USA, Inc. with over 7 years remaining on the initial term, including a 14% rent increase in 2026 and fair market value (“FMV”) increases in its option periods.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
50,000 SF
Building Class
B
Year Built
1994
Price
$6,850,000
Price Per SF
$137
Cap Rate
8%
NOI
$548,004
Tenancy
Single
Building Height
2 Stories
Building FAR
0.21
Lot Size
5.51 AC
Zoning
F1
Parking
388 Spaces (8.09 Spaces per 1,000 SF Leased)
Frontage
203 FT on Greens Rd
Amenities
- Freeway Visibility
- Pool
- Security System
- Signage
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 1180520010001 | Improvements Assessment | $3,452,077 |
| Land Assessment | $2,396,268 | Total Assessment | $5,848,345 |
PROPERTY TAXES
Parcel Number
1180520010001
Land Assessment
$2,396,268
Improvements Assessment
$3,452,077
Total Assessment
$5,848,345
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24 Hour Fitness | 7300 W Greens Rd
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