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Health Clubs and Grocery are Traffic-Generating Anchor Tenants

FRISCO, TX—LA Fitness leases continue to trade at the lowest cap rates in the health and fitness category for STNL properties, and one that anchors the Frisco Market Center just changed hands.

LA Fitness Buyers are willing to pay a premium for properties where LA Fitness is a tenant.

FRISCO, TX—LA Fitness is the largest corporately operated sports club chain in North America and continues to open new clubs across the US and Canada. An LA Fitness location opened this past summer on a single-tenant net-leased site that anchors Frisco Market Center. This center is a 100-acre mixed-use development located on the northwest corner of Main Street and the Dallas North Tollway.

John Zikos, Jonathan Cooper, Christopher Gibbons and Don Miller with Venture Commercial Real Estate’s investment sales team recently represented the owner, Hermansen Land Development Inc., in the sale of the single-tenant location. The company will maintain its lease on the 38,000-square-foot facility with five acres of land. The buyer, a private investor, was represented by Larry Golman with Golman & Associates, along with Mike Friedman of CBRE. 

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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