24 Hour Fitness | Pearland, TX 77584
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24 Hour Fitness
Pearland, TX 77584
Long Term Lease- Trophy Site- Top Location · Retail Property For Sale
Investment Highlights
- Long Term Corp. Lease by 24 Hour Fitness USA, Inc. - 12+ Yrs. plus Options - Open/Paying Full Rent
- 2nd Largest Fitness Chain in the U.S. - Iconic Brand Name with 430+ Locations across the Country
- Corporate Guarantee with 30% Rent Bump in 2024 - 10% Rent Bumps Every 5 Years - Minimal LL Duties
- Hyper-Dense Retail Corridor just off 288 Freeway - Adjacent to Home Depot/Walmart/Target/Kohl’s
- Affluent Suburb of Houston MSA - One of the Top Fastest Growing City Populations in the Entire Nation
- In Place Assumable Loan at 4.63% Interest Rate - Perfect 1031 Exchange Buyer Asset - Huge Cash on Cash
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
39,700 SF
Building Class
B
Year Built
2006
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
9.66 AC
Zoning
0046
Parking
350 Spaces (8.82 Spaces per 1,000 SF Leased)
Frontage
844 ft on Miller Ranch Rd
Amenities
- Monument Signage
PROPERTY TAXES
| Parcel Number | 7033-0001-000 | Improvements Assessment | $14,988,345 |
| Land Assessment | $1,918,189 | Total Assessment | $16,906,534 |
PROPERTY TAXES
Parcel Number
7033-0001-000
Land Assessment
$1,918,189
Improvements Assessment
$14,988,345
Total Assessment
$16,906,534
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