Single-Tenant NNN Planet Fitness

Retail-Commercial for Sale
Catylist Listing ID: 30046499
Property Subtypes: Street Retail, Other
Building Size (RSF): 21,494 SF
Gross Building Area: See Agent
Sale Price: $3,761,450 - 3,761,540
Unit Price: $175 PSF
In Opportunity Zone? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Other
Cap Rate: 8.0%
Last Updated: 12/11/2019

Overview / Comments

• Single-Tenant NNN Lease
• About 6 years remaining on Planet Fitness lease with (2) 5-year options
• Operator is the largest Planet Fitness franchisee in the United States with over 60 locations
• Strategically located at the intersection of Main St & Hobbs St with over 16,000 Cars Per Day
• Services trade area of population over 65,000
• 10% rental increases in initial term and option periods
• Large Pylon Signage
• Neighboring tenants include Kmart, McDonald's, Dollar Tree, KFC, Albertsons and Walgreens, among others

Additional Details

Nearest MSA: Roswell
County: Chaves
Tax ID/APN: 4136063038335000000
Tenancy: Multiple Tenants
Total Number of Buildings: 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,733 33,509 51,274
Median Age: 33.58 32.42 34.5
Households: 4,539 12,105 18,704

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Jake Mechenbier

NAI Maestas & Ward CARNM CIE Member
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