VOLLI Pickleball & Entertainment
62,329 SF Sports & Entertainment Building Offered at $10,388,000 at a 7.50% Cap Rate in North Richland Hills, TX 76180
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $10,388,000
- Property Type
-
Sports & Entertainment
- Square Feet
- 62,329 SF
- Price / Square Foot
- $167
Listing Contacts
Mark Thiel
Verified Profile
Jake Bordelon
Verified Profile
Timothy Speck
Verified Profile
- Property Info
Property Overview
The NNN Fitness Group of Marcus & Millichap is pleased to present this fee-simple opportunity to acquire a pickleball & entertainment facility in North Richland Hills, TX offering below market rent and custom buildout by the Tenant. VOLLI is a proven indoor pickleball & eatertainment concept with multiple locations already operating. This will be the first in the Dallas-Fort Worth MSA; Positioned right off Interstate 820, it allows easy access and excellent visibility to over 150K vehicles per day. The offering features a brand new 15-year Absolute NNN lease with 2.50% annual increases throughout the term and in each renewal option.
North Richland Hills, Texas, within the Dallas-Fort Worth metro, is known for rapid growth and a diverse economy spanning retail, healthcare, tech, and manufacturing. Major employers like Sabre Corporation, Galderma Laboratories, and BNSF Railway anchor the city’s job market and economic stability. North Richland Hills is the third most populous city in Tarrant County. VOLLI is well positioned to serve a densely populated area, with more than 286,907 residents earning and average household income exceeding $95K within a 5-mile area. Moreover, the Dallas-Fort Worth area is emerging as one of the fastest growing MSA areas in the U.S.
North Richland Hills, Texas, within the Dallas-Fort Worth metro, is known for rapid growth and a diverse economy spanning retail, healthcare, tech, and manufacturing. Major employers like Sabre Corporation, Galderma Laboratories, and BNSF Railway anchor the city’s job market and economic stability. North Richland Hills is the third most populous city in Tarrant County. VOLLI is well positioned to serve a densely populated area, with more than 286,907 residents earning and average household income exceeding $95K within a 5-mile area. Moreover, the Dallas-Fort Worth area is emerging as one of the fastest growing MSA areas in the U.S.
Property Details
- Year Built/Renovated
- 1993/2024
- Stories
- 1
- Lot Size (sq. ft)
- 266,587 SF
Highlights
- Brand New Long-Term Absolute NNN Lease
- Growing Regional Sport Concept
- Highly Successful Operator
- Outstanding Dallas-Fort Worth Submarket
- Dominant Freeway Access & Visibility
- Nearby Significant Economic Development Projects
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