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| Price $5,784,000 | Built/Renov 2024 | Tenant Planet Fitness |
| Cap Rate 6.00% | Lease Type
NN+ | Guarantor Corp Traded |
| Size/SF
22,500
| Lease Start
03-01-2024
| #Units
2,410
|
| Price/SF $257.07 | Expiration
02-28-2039
| Tenant Type Sport/Fitness |
| NOI $347,038 | R. Term 13.7 | Ownership Fee Simple |
| Rent/SF
$15.42
| Increases 10.0%/5/yrs | Pop 5Mi 56,559 |
| Lot/AC 2.65 | Options 3/4yrs/10% | AHHI 5Mi $138,498 |
| | |
Planet Fitness is strategically located at the hard corner intersection of Lattitude Lane and Nautical Drive, with access to a combined daily traffic count of 22,500 vehicles. Additionally, it is in close proximity to the signalized, hard corner intersection of Charlotte Hwy (38,000 VPD) and Hwy 274 (21,500 VPD), further enhancing its visibility and accessibility. Surrounding national tenants...
...New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Affluent AHHI $100K 5 Mi
Brand new lease
Favorable NN+ lease
Corporate Guarantee
Publicly traded company
Planet Fitness was founded in Dover, NH in 1992. Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S. by number of...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,393 | 27,176 | 60,446 |
| 2023 Total Population : | 5,116 | 25,328 | 56,559 |
| 2023 Employed Civilian Pop : | 2,325 | 12,084 | 29,375 |
| 2023 Total Businesses : | 164 | 444 | 824 |
| 2023 Average Household Income : | $ 121,233 | $ 128,191 | $ 138,498 |
| 2023 Total Consumer Spending : | $ 227 M | $ 1089 M | $ 2563 M |
| 2023 Median Age : | 44 | 42 | 42 |
| 2023 Total Households : | 2,194 | 9,944 | 21,702 |
| 2023 Pop Age 25+: Bachelor's Degree : | 952 | 4,784 | 12,622 |
| 2023 Average Home Value : | $ 481,082 | $ 465,962 | $ 471,668 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Landing Pointe Dr | 2022 | 21,500 | 0.32 mi | |
| Charlotte Highway | Marlin Dr | 2022 | 31,900 | 1.00 mi |
| Pole Branch Rd | River Oaks Rd | 2017 | 8,400 | 1.53 mi |
| Pole Branch Road | Cliff Cir | 2022 | 10,300 | 1.66 mi |
| Charlotte Highway | Heritage Dr | 2021 | 36,400 | 1.94 mi |
| Charlotte Highway | Heritage Dr | 2022 | 38,000 | 1.94 mi |
| Oakridge Road | Trantham Ln | 2022 | 4,800 | 2.39 mi |
| State Highway 274 | Harper Davis Rd | 2022 | 6,000 | 2.40 mi |
| State Highway 274 | Stateline Rd | 2021 | 5,200 | 2.40 mi |
| Rufus Ratchford Road | Catawba Cove Dr | 2022 | 1,170 | 2.44 mi |
Queens, NY
Cap Rate 5.90%
Lease Abs NNN
R. Term 13.30 yrs
Size/SF 7,325
Carrollton, TX
Cap Rate 7.00%
Lease Modified Gross
R. Term 12.10 yrs
Size/SF 52,000
Carlsbad, NM
Cap Rate 6.75%
Lease Abs NNN
R. Term 13.10 yrs
Size/SF 15,027
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
