Health Clubs
Planet Fitness – Graham, NC
Health Clubs Offerings
Planet Fitness – Graham, NC
412 S. Main Street
Graham, NC 27253
- Price:
- $4,704,000
- Cap Rate:
- 6.15%
- NOI:
- $289,314
- Rentable SQFT:
- 32,378
- Year Built:
- 1967 / 2014
- Lot Size:
- 2.61
- Lease Type:
- NN
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Top Performing Location
- Franchisee of The Year – 2019
- Excellent Access & Visibility
- Multi-City Draw
- Brand New Roof
The NNN Fitness group of Marcus & Millichap is pleased to exclusively offer a 32,378 SF top-performing Planet Fitness located in Graham, NC (Piedmont Triad Region). The Planet Fitness has 12 years remaining on the initial 20-year lease term. There is huge upside potential with the lease-up of +/- 9,000 SF of currently vacant space that will get this deal operating over a 7.75 CAP. In addition, this location features a brand-new roof installed in 2021 as well as recent parking lot repairs, providing limited capital expenditure over the long term for the buyer.
The Piedmont Triad region encompasses three cities: Greensboro, Winston-Salem, and Highpoint. This region has over 1.6 million residents, making it the 30th largest metropolitan area in the U.S. The region’s economy has historically been tied to textiles, furniture, and tobacco, but new growth industries are emerging rapidly, including distribution, logistics, biotechnology, and aviation & aerospace. There are many well-known colleges and universities in the Piedmont Triad with a total enrollment exceeding 60,000. Wake Forest, Elon, and High Point are among the area’s top universities.
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