

Listed by ALO Property Group
$2,871,000
7528 S Anthony Blvd
Details
APN 02-12-36-226-008.003-074
Property Type Retail
Sub Type Strip Center
Square Footage 20,001
Cap Rate 7.25%
NOI $208,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Remaining Term 9.5
Price per SqFt $144
Year Built 1968
Year Renovated 2019
Acreage 0.46 - 9.9
Zoning SC
Parking Spaces 246 spaces
Parking Per SqFt 12.30
Investment Type Core
Lease Commencement 10/03/2019
Rent Commencement 10/31/2034
Ownership Fee Simple
Retail | 7.25% CAP | 20,001 SqFt
Marketing description
This offering presents the opportunity to acquire a 100% occupied, 20,001 square-foot single-tenant Planet Fitness located in the Fort Wayne MSA—Indiana’s second-largest city with stable and dense demographics. The property is listed at $2,871,000 and features 9.5 years remaining on the current lease, with an additional 5-year renewal option. Backed by a strong lease guarantee from BCDI Great Lakes Holdings, a subsidiary of the publicly traded Planet Fitness (NYSE: PLNT), this asset offers secure, long-term income. Strategically positioned along the high-traffic Highway 27 corridor with over 22,000 vehicles per day, the site enjoys exceptional visibility and accessibility in a thriving retail corridor.
ALO Property Group is pleased to present 7528 South Anthony Blvd, a 20,001-square-foot, single-tenant Planet Fitness building situated on .46-acres in Fort Wayne, Indiana. Originally constructed in 1968 with a significant capital-intensive renovation in 2019, this asset boasts 100% occupancy with Planet Fitness, one of the largest and fastest-growing franchisors and operators of fitness centers in the United States.
The property is strategically located on and highly visible from Hwy 27, the main North/South highway connecting southern Fort Wayne with Downtown. This location is surrounded by a growing job base along with stable and dense demographics. Fort Wayne MSA is home to 457,842 people and over 228,000 employed persons.
Investment highlights
- 100% Occupied by Planet Fitness
- 9.5 Years of Term Remaining
- Lease Guarantor: BCDI Great Lakes Holdings, Inc.
- $208,000 NOI
- 7.25% Cap Rate
- Built in 1968, Renovated in 2019
- Virtual Tour: https://www.planetfitness.com/gyms/fort-wayne/
Listing Contacts


Listed by ALO Property Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$208,000.00
$17,333.33/mo
Valuation Metrics
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DSCR
7.24%
Cap Rate
7.24%
ROI
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