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19704210
Tenancy: Fitness International, LLC
Building Size: 42,873
Renewal Options: Two 5-Year
Lease Expiration: 8/30/2033
Rental Increases: 10% Every 5-Years

New Single-Tenant LA Fitness:

Corporately guaranteed lease with the largest health club operator in the

country (740+ locations)

NN lease with minimal landlord responsibilities, ideal for a passive investor

Major recent capital raise from equity partners and credit upgrade to B3

Stable (June 2022 – Moody’s)

Brand New 10-Year Lease Extension: Showing the Tenant’s commitment to this

location

• Upside Potential: Buyer can potentially carve out a pad site in the parking lot to add value immediately

(contact broker for details)

Below Market Rent at $15 Per Square Foot

Extensive Building Renovations and Upgrades Scheduled in 2023

Dense and Affluent Demographics: Over 166,000 people within 3 miles of the

subject property with a $118,000 average household income within 1 mile

Oversized 5.83 Acre Site with Ample Parking

Neighborhood Infill Location: Ideally located within a neighborhood shopping

center with co-tenants including iCryo Cryotherapy, Smoothie Factory, Nail Spa,

Hair Salon & Dry Cleaners

19704210

Listing Details


Address: 1220, East League City Parkway, League City, Texas, 77573

Price: $9,910,000

Cap Rate: 6.5%

Tenancy: Single Tenant

Status: Available