24 Hour Fitness - Willowbrook
$6,260,000
7300 W Greens Rd, Houston, TX 77064
Cap Rate
9.98%
Square Feet
47988
Year Built/Renovated
1994/2018
INVESTMENT HIGHLIGHTS
• Substantial Land Parcel (5.50 Acres) with Long Term Redevelopment Potential Asset
• Access to One of Houston’s Most Affluent and Expanding Consumer Bases: Local retailers include Dick’s Sporting Goods, Target, Academy Sports, Costco, Sam’s Club, Macy’s, Old Navy, Best Buy, and more.
• Excellent Connectivity and Exposure in a High Traffic Corridor: Tomball Parkway (State Highway 249) has an average daily traffic count exceeding 148,000 vehicles per day.
• Delivered at a Fraction of Replacement Cost: The property is listed for $130.45 per square foot.
PROPERTY DESCRIPTION
Marcus & Millichap is pleased to exclusively offer for sale 24 Hour Fitness - Willowbrook. This 47,988-square-foot freestanding building, situated on 5.50 acres, represents a compelling investment opportunity in one of Houston’s most dynamic growth corridors. Originally constructed in 1994 and renovated in 2018, the property provides investors with a substantial footprint at a basis well below replacement cost in a high-barrier-to-entry submarket.
Located in Northwest Houston—an area experiencing significant residential and commercial expansion—the property benefits from shifting population and income growth patterns favoring the Tomball/Willowbrook submarket. The immediate trade area is characterized by dense demographics, strong consumer demand, and sustained development activity.
The asset enjoys high visibility along Tomball Parkway (State Highway 249), with average daily traffic counts exceeding 148,000 vehicles per day, and is just minutes from Willowbrook Mall, one of the region’s top-performing retail hubs. This positioning ensures strong long-term fundamentals for both occupancy and rent growth, whether for traditional retail, medical, or service-oriented uses.