SRS Real Estate Partners completed the $13.75 million sale of a Crunch Fitness property in Rowlett, Texas.
SRS Capital Markets’ Senior Managing Principals Matthew Mousavi and Patrick Luther represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT.
Situated on 5.52 acres, the 40,000-square-foot (sf) property was sold for $13.75 million and had a closing cap rate of 7%. The property was recently remodeled for Crunch Fitness which opened its doors in October 2025 with a new 15-year corporate-guaranteed lease in place. Also within the property is a 990-sf 151 Coffee that has 13 years remaining on its ground lease. The property is located within a dense retail corridor with nearby national brands that include The Home Depot, Walmart Supercenter, and Target, among others.
