Club Studio | Austin, TX | 18+ Yr Lease | S&P… — Sale in Austin, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Retail Business
- Location: Austin, TX 78748
Photos
Investment Figures
- Cap rate
- 6.50%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to bring to market a 37,000 square-foot Club Studio located in Austin, Texas. The property is secured by a brand new 18-year lease with Fitness International, LLC, providing long-term stability with built-in 10% rental increases every five years, as well as two additional five-year renewal options. The asset is a recent conversion of a former LA Fitness, with a grand opening scheduled for October 2026, allowing investors to acquire a newly repositioned facility backed by Fitness International, which operates 660+ locations nationwide and maintains an S&P credit rating of B/Positive. Strategically positioned along W. Slaughter Lane in South Austin, the property benefits from strong visibility within a high-traffic retail corridor and proximity to I-35. The surrounding trade area is supported by affluent demographics, including average household incomes exceeding $130,000 within a one-mile radius, as well as significant population density and continued residential growth, making it an ideal location for long-term fitness tenancy. Investment Highlights: • Brand New Club Studio Conversion • Dominant Austin Market Fundamentals • Corporate-Back Security • High-Traffic, Affluent Location
Market Context
This retail in Austin, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Austin, TX — view the full market.
As of Q1 2026, the Austin retail market showed a 3.7% vacancy rate, and rents up 5.3% year over year. Source: multiple brokerage reports, Q1 2026.
Rising rents point to a competitive market where well-priced, well-located assets trade quickly.
Retail market FAQ
- Is the Austin retail market tightening or softening?
- Vacancy is around 3.7%, with asking rents rising year over year (Q1 2026).
Contact
- Mark Thiel · (858) 373-3206 · mark.thiel@marcusmillichap.com
- Jake Bordelon · (858) 373-3133 · jake.bordelon@marcusmillichap.com
- Tim Speck · (972) 755-5200
- Chad O'Connor · (858) 373-3146 · chad.oconnor@marcusmillichap.com
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