4900 University Dr Prosper, TX 75078

This exceptional investment opportunity presents a fee-simple, 37,000-square-foot LA Fitness facility in Prosper, Texas. Built in 2022, this single-tenant property boasts a 13.1-year remaining lease (expiring 12/31/2037) with a credit-rated corporate guarantor, Fitness International, LLC. The lease is a Net-Net-Net (NNN) structure with rent bumps of $1.50 per square foot every five years, ensuring consistent income growth. Situated on a 4.08-acre lot with 250 parking spaces, the property enjoys a prime location on W University Dr, benefiting from high traffic counts on US 380 and FM 423. The property's strong financial performance is reflected in its $12,855,000 asking price, a $347.43 price per square foot, and a 5.75% cap rate, generating a current NOI of $739,260. The property is surrounded by a thriving retail environment, including major retailers like Kroger, Walmart, and HEB, as well as the Omni Hotel and PGA World Headquarters. Prosper's affluent demographics and rapid population growth, with average household incomes exceeding $158,756 within a 3-mile radius, further solidify this investment's long-term potential. The lease includes three 5-year renewal options. This is a core+ investment offering exceptional stability and growth prospects in a high-demand market.