NNN Fitness Center with Long
For Sale
$18,092,308
1824 W Slaughter Ln, Austin, TX 78748
Single fitness club studio is secured by an 18-year lease with scheduled 10% increases every five years.
Property Size37,000 SF
Price / SF$488.98
Days on Market53
Property Features for 1824 W Slaughter Ln
General Information
Standard status
Active
Size
37,000 SF
Property subtype
Fitness Center
Lease Type
NNN
Additional Details
Highway Access
Yes
Amenities
Brand New Club Studio Conversion
Dominant Austin Market Fundamentals
Corporate-Back Security
High-Traffic, Affluent Location
Building Details
Building Size
37,000 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Oklahoma City
(858) 373-3206
Listed By:
Mark Thiel · License #License(s): CA: 01469342
(858) 373-3206
Source:
Marcusmillichap
Added: Jul 3
Changed: Aug 23
Last Checked: Aug 23 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Oklahoma City
Investment Insights
Based on property information with market context.
The property is a 37,000-square-foot club studio operated under a long-term net lease structure. The facility is secured by a brand new 18-year lease with Fitness International, LLC, including built-in 10% rental increases every five years, plus two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness location, with a grand opening scheduled for August 2026.
Located along W. Slaughter Lane in South Austin, the club studio benefits from visibility within a high-traffic retail corridor and proximity to I-35. The trade area is described as supported by affluent demographics, with average household incomes exceeding $130,000 within a one-mile radius, along with significant population density and continued residential growth.
Fitness International, LLC operates 700+ locations nationwide and is referenced as maintaining an S&P credit rating of B/Positive, providing tenant-credit support for the long-term lease structure.
Located along W. Slaughter Lane in South Austin, the club studio benefits from visibility within a high-traffic retail corridor and proximity to I-35. The trade area is described as supported by affluent demographics, with average household incomes exceeding $130,000 within a one-mile radius, along with significant population density and continued residential growth.
Fitness International, LLC operates 700+ locations nationwide and is referenced as maintaining an S&P credit rating of B/Positive, providing tenant-credit support for the long-term lease structure.
Key Highlights
- 37,000 SF Club Studio (Year built: 2015) on W. Slaughter Lane in Austin, TX
- Secured by an 18‑year lease with Fitness International, LLC
- Lease includes 10% rental increases every five years
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 78748, TX
55,226
Population
25,694
Households
2.1
Avg Household Size
35
Median Age
56%
College-Educated
95%
High-School Grad
14.1 sq mi
ZIP Area
3,917
Density / Sq Mi
$107,652
Median Household Income
$59,611
Median Earnings
$1,711
Median Rent
$434,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Fitness center & gym - Single fitness club studio is secured by an 18-year lease with scheduled 10% increases every five years.
Where is this fitness center & gym located?
The property is located at 1824 W Slaughter Ln Austin, TX.
What is the asking price?
The asking price for this property is $18,092,308.
What are key features of this property?
This property features: 37,000 SF Club Studio (Year built: 2015) on W. Slaughter Lane in Austin, TX; Secured by an 18‑year lease with Fitness International, LLC; Lease includes 10% rental increases every five years
