FALCON VIEW DR McKinney, TX
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NN leased fitness center with corporate tenant and rental increases.
Type:RETAIL
Property size:
37,000 SFLot size:
5.23 Acres- Added:
- Nov 24, 2025
- Days on Market:
- 129
- Last Refresh:
- Mar 29 at 10:08 pm
Property Features for FALCON VIEW DR
General Information
- Standard status
- Active
- Size
- 37,000 SF
- Lot size
- 5.23 Acres
- Property subtype
- RETAIL
Listing agent Chuck Klein (619) 223-3017
Listing office SRS Real Estate Partners | San Diego (619) 223-3017
Listing date Nov 24, 2025
Source Moodyscre
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 SRS Real Estate Partners | San Diego
Overview
Long-Term Leased Fitness Center
This property is a fee simple ownership opportunity with a long-term net-net (NN) lease. Approximately 6 years remain on the lease, making it suitable for passive or out-of-town investors due to limited landlord maintenance and expense responsibilities. The landlord is responsible for the roof, which has a warranty, and the structure. The lease includes rental increases every 5 years throughout the initial term and at the beginning of each option, increasing the net operating income (NOI) and providing a hedge against inflation. The lease is signed by Fitness International, LLC, which is rated 'B' Stable by S&P. Fitness International is the largest non-franchised fitness club operator in the US, with over 728 locations nationwide. LA Fitness’ sales for FY24 are estimated to have grown by 10% to $2.3 billion. The location is ranked in the top 29% in Texas and top 25% (#3 of 8) within 15 miles based on the number of visits over the past 12 months, according to Placer.ai. The property is situated in a densely populated and affluent trade area with more than 257,800 residents and 47,000 employees within a 5-mile radius. The average household income exceeds $196,700 and is projected to increase to $213,000 by 2030. The property is approximately 37,000 square feet.
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar Places Nearby
- Club Pilates — 9245 Virginia Pkwy STE 200, McKinney, TX 75071
- Body By Brig — 8405 beech ln, mckinney, tx 75070
- LUNASpirit Reiki — 925 Golden Bear Ln, McKinney, TX 75072
- LA Fitness — 9050 Falcon View Dr, McKinney, TX 75070
- Firefighting Fit — 9509 Deerhurst Pl, McKinney, TX 75072
Map
- City
- McKinney
- County
- Collin
- State
- Texas
- Longitude
- -96.7298
- Latitude
- 33.2001
Nearby Similar for Lease
FAQs
What type of property is this?
Fitness center & gym - NN leased fitness center with corporate tenant and rental increases.
Where is this fitness center & gym located?
The property is located at FALCON VIEW DR McKinney, TX.
What are key features of this property?
This property features: Long‑term NN lease with approximately 6 years remaining and limited landlord responsibilities (roof and structure only).; Credit tenant: corporate lease signed by Fitness International, LLC (“B” Stable by S&P).; Densely populated and affluent trade area: over 257,800 residents and $196,700 average household income.
