Investment Offering
Tenant: Gold’s Gym
Premises: 40000 SF
Renewal Options: 2 x 5
Lease Expiration: 10/31/2020
Lease Type: NNN
Rental Increases: 15% Every 5 Years
- Original 15 year NN lease – 7 years remaining (landlord responsible for roof & structure)
- 15% rental increases every five years – Next increase is November 1, 2015
- Dense infill location – Over 172,000 people within a five mile radius
- Excellent visibility at a high traffic corner off Interstate 35 and Loop 1604
- Located in The Crossing Shopping Center at Live Oak – Nearby tenants include: Ashley Furniture, Buffalo Wild Wings, Texas Roadhouse, and Regal Movie Theater
Tenant Overview
Gold’s Gym International, Inc. is an American chain of international co-ed fitness centers originally started in California by Joe Gold. Each gym features a wide array of exercise equipment, group exercise classes and personal trainers to assist clients. Its headquarters are in Dallas, Texas.
Area Overview
