Net Lease Health Clubs
Planet Fitness – Benbrook, TX
Net Lease Health Clubs Offerings
Planet Fitness – Benbrook, TX
7921 Camp Bowie W Blvd
Benbrook, TX 76116
- Price:
- $2,838,500
- Cap Rate:
- 7.00%
- NOI:
- $198,695
- Rentable SQFT:
- 21,479 SF
- Year Built:
- 1969 / 2017
- Lot Size:
- 1.95 AC
- Lease Type:
- NNN
- Lease Term:
- 8.1 Yrs
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Low-Management Investment Opportunity
- Top Performing Location
- Healthy Rent & Price Point
- Top Franchisee Operator
- Local Demand & Competitive Position
- Customer Experience & Strong Brand Reputation
The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 21,479-square-foot Planet Fitness in Benbrook, Texas, part of the Fort Worth metro. The property is leased to Planet Fitness, one of the largest and fastest-growing fitness operators worldwide with 2,599+ locations and 19.6 million members. The tenant signed a 16-year NNN lease in 2017 with 8+ years of term remaining through December 2033 and three additional 5-year options, featuring 10% rent increases every five years.
Situated on 1.95 acres with ±190 parking spaces, this top-performing location ranks in the top 6% of U.S. fitness clubs with over 1,200 daily check-ins (Placer.ai). The property benefits from strong area demographics, including a five-mile average household income exceeding $91,000, and visibility along Camp Bowie W Blvd and I-30 with combined traffic counts of over 130,000 vehicles per day.
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