www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32381681
32381684

3630 West Southern Avenue, Phoenix, AZ 85041

RS
AZ AZ BR675146000
Marcus & Millichap - Phoenix
MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - San Diego
$4,000,000
33 days on market
Updated 33 days ago

Planet Fitness | $4M | Low $12.50/SF Rent | Phoenix, AZ

Details
Property Type Retail
Sub Type Fitness, Health club (+1)
Square Footage 20,000
Cap Rate 6.25%
NOI $250,000
Occupancy 100%
Tenancy Single
Rent Bumps Yes
Price per SqFt $200
Acreage 1.380
Parking Spaces 232 spaces
Parking Per SqFt 11.60
Investment Type Core+
Ground Lease No

United FP | Top Franchisee | 195+ Units

Marketing description

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Planet Fitness located in Phoenix, Arizona. The 20,000 SF fitness facility is secured by a NN lease with United PF (195+ Units), one of the largest and most experienced Planet Fitness franchisees in the country, providing strong national credit-backed income and minimal landlord responsibilities. The offering features approximately 5.5 years of remaining term with structured rent increases and four 5-year renewal options, along with below-market rent of just $12.50/SF, supporting strong unit-level economics and long-term tenant durability.

Located within a high-traffic arterial corridor of Phoenix, the property benefits from strong visibility, convenient access, and consistent commuter traffic (44,388 combined VPD). The surrounding area includes over 214,000 residents within a five-mile radius, supported by robust average household incomes exceeding $108,000 within three miles, providing a strong and stable consumer base for long-term demand.

Investment highlights

  • National Credit Tenant with Scalable Model
  • Top Planet Fitness Franchisee
  • Extremely Low Rent & Price Point
  • High-Traffic Arterial Corridor

Listing Contacts

RS
AZ AZ BR675146000
Marcus & Millichap - Phoenix
MT
CA 01469342
Marcus & Millichap - San Diego
JB
CA 02048307
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - San Diego

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$250,000.00
$20,833.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Ryan Sarbinoff
License
BR675146000
Brokerage
Marcus & Millichap Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
2398 East Camelback Rd, Ste. 300 Phoenix, AZ 85016
Name
Ryan Sarbinoff
License
AZ BR675146000
Brokerage
Marcus & Millichap
Brokerage Phone
6026876700
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591