SRS Real Estate Partners announced today it has completed the sales of two Crunch Fitness properties totaling $27.4 million in Rowlett, TX and Lake Worth Beach, FL.
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.
“Crunch Fitness is a proven and growing fitness brand, with CR Fitness, the operator of these two locations, being the largest operator within the Crunch Fitness system,” said Mousavi. “These assets provide the new ownership with exposure to Texas and Florida markets, long-term leases, minimal landlord responsibilities, and a passive cash-flowing income with scheduled rent increases in income tax-free states that continue to see an influx of residents and business.”
Following is information on each of the Crunch Fitness properties:
3601 Lakeview Parkway in Rowlett, TX – 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.
4681 Hypoluxo Road in Lake Worth Beach, FL – Situated on 4.74 acres, the 35,000-sf property was sold for $13.65 million and a cap rate of 6.9%. Built in 2024, Crunch Fitness has a new, 20-year absolute triple-net lease in place. The site is next to a Walmart Supercenter and is near several apartment communities.
Last year, SRS Capital Markets completed more than $3.5 billion in deal volume comprised of more than 950 transactions across the nation. SRS currently has in excess of 845 properties actively on the market with a market value surpassing $3.7 billion.
About SRS Real Estate Partners
Founded in 1986, SRS Real Estate Partners is celebrating 40 years of going the extra mile for its clients. Building on its retail foundation, SRS provides commercial real estate solutions across retail, industrial, and capital markets. Headquartered in Dallas with 30 offices nationwide, the firm measures its success by the achievement of its clients’ objectives, satisfaction, and trust. For more information, please visit srsre.com.