STNL Planet Fitness | 10+ Year Term | Farmington NM
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Overview / Comments
Exclusively offered for sale is a single tenant NNN Planet Fitness in Farmington, NM. The subject property has a lease with 10+ years remaining with Exaltare Capital Partners, a Planet Fitness operator with over 100 units, and features attractive 10% increases every five years. Rent commenced in Q1 2020. The property is situated at the highest traffic intersection in town (over 37,400 CPD) and is a part of a 10-acre development which includes a Starbucks, Verizon and AFC Urgent Care.
Planet Fitness is the fastest growing fitness operator in the United States, providing its members low prices and unbeatable value in a relaxed "Judgment Free" atmosphere that allows all people, at all fitness levels, the opportunity to pursue an active and healthy lifestyle. Planet Fitness has over 2,000 locations and is publicly traded (NYSE:PLNT).
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