7300 Greens RdHouston, TX 77064

This exceptional investment opportunity presents a fee-simple, absolute triple-net (NNN) leased 24 Hour Fitness facility in Houston, Texas. Located at 7300 W Greens Rd, this two-story, 47,988 square foot building sits on a 5.51-acre lot in a high-traffic area with over 120,000 vehicles per day passing on Highway 249. The property boasts a strong location, further enhanced by the recent addition of a 400,000 square foot Amazon delivery center, driving significant job growth in the area. Built in 1994 and renovated in 2018, this property offers a long-term lease with 24 Hour Fitness USA, Inc., with 6.5 years remaining on the initial term. The lease includes two 5-year renewal options, with a 14% rent increase scheduled for 2026 and fair market value increases in subsequent option periods. The current asking price is $6,850,000, representing a price per square foot of $142.74 and an attractive 8.00% cap rate, with a current NOI of $548,004. The property's Harris County APN is 1180520010001. This is a rare opportunity to acquire a high-performing, single-tenant net lease property in a rapidly growing market. The property's prime location and strong tenant covenant make it an ideal addition to any investment portfolio.