Net Lease Health Clubs
Planet Fitness, Phoenix, AZ
Net Lease Health Clubs Offerings
Planet Fitness, Phoenix, AZ
3630 W Southern Ave
Phoenix, AZ 85041
- Price:
- $4,000,000
- Cap Rate:
- 6.25%
- NOI:
- $250,000
- Rentable SQFT:
- 20,000 SF
- Year Built:
- 2016
- Lot Size:
- 1.38 AC
- Lease Type:
- NN
- Lease Term:
- 5.5 Yrs
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- National Credit Tenant with Scalable Model
- Top Planet Fitness Franchisee
- Extremely Low Rent & Price Point
- High-Traffic Arterial Corridor
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.
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