Listed by Equity CRE, Leibsohn & Company Commercial Real Estate Services
$4,027,355
Planet Fitness | Tacoma, WA
Details
Property Type Retail
Sub Type Other
Square Footage 22,450
Cap Rate 6.2%
NOI $249,696
Occupancy 100%
Tenancy Single
Brand/Tenant Planet Fitness
Lease Type Absolute NNN
Lease Expiration 02/28/2035
Remaining Term 8.7
Rent Bumps Yes
Year Built 1957
Year Renovated 2016
Acreage 2.380
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 03/01/2024
Ground Lease No
Ownership Fee Simple
Absolute NNN | 80+ Unit Operator
Marketing description
Equity CRE is pleased to offer investors the opportunity to purchase a Planet Fitness in the Seattle MSA. Located in Tacoma, WA the subject property features a 22,450 square foot freestanding building located at 817 E 72nd Street, Tacoma, WA.
Investment highlights
10+ years of lease term remaining
Absolute NNN lease with no landlord responsibilities
Strong franchisee with over 80 locations
Listing Contacts
Listed by Equity CRE, Leibsohn & Company Commercial Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,696.00
$20,808.00/mo
Valuation Metrics
0
DSCR
6.2%
Cap Rate
6.2%
ROI
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