1104 HISTORIC RT 66 W, WAYNESVILLE, MO 65583 For Sale

The subject property is a 8,000 square foot Anytime Fitness located in Waynesville, Missouri. Anytime Fitness signed a 15-year lease which commenced in April of 2022, leaving approximately 11 years remaining on the initial lease term. The lease provides for 3 percent annual rent increases during the initial lease term and fair market value rent adjustments between each of the two 5-year renewal options. The lease is absolute NNN providing for zero landlord responsibilities for operating or capital expenses.

The tenant, Bandon Fitness, is the largest franchisee of Anytime Fitness with over 215 locations globally and over 140,000 members. They are a wholly owned subsidiary of Sentinel Capital Partners, one of the most experienced private equity investors in the US franchising space across a wide range of industries including restaurants, healthcare and consumer retail. Bandon Holdings was recently ranked number one on Entrepreneur’s prestigious Top Global Franchise List.

Located along Historic 66 West, the subject property is positioned along one of the area’s main traffic corridors with daily traffic counts exceeding 10,000 vehicles. The property is also situated directly across from Waynesville Middle School.