Skip to main content

Fitness Center

Planet Fitness and Innovated Vapors

208 TX-332, Lake Jackson, TX 77566

Listing Price: $4,337,641

Cap Rate
6.00%
Tenant Name
Planet Fitness, Vapor Ventures Inc.
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
23,646
Lease Type
Double Net
Rent Per Square Feet
$11.01

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Planet Fitness and Innovated Vapors located at 208 TX-332 in Lake Jackson, Texas. The site consists of roughly 23,646 rentable square feet of building space on estimated 2.39-acre parcel of land. The Planet Fitness and Innovated Vapors are subject to individual leases. Planet fitness signed an original 15-year lease and there is currently more than 11 years remaining. Innovated Vapors signed a 5-year lease agreement with over 4.5 years remaining. Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Investment Highlights

  • Long-Term, Double Net (NN) Lease
  • Approximately 11 Years Remaining on Planet Fitness Lease & 4.5 Years Remain on Innovated Vapors Lease
  • Ten Percent (10%) Rental Increase on Planet Fitness Lease Occurs June 2023

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Fitness Center

Planet Fitness and Innovated Vapors

Listing Price: $4,337,641

Cap Rate
6.00%
Tenant Name
Planet Fitness, Vapor Ventures Inc.
Years Remaining On Lease
11.0
Guarantor
Corporate Guarantee
Rentable SF
23,646
Lease Type
Double Net
Rent Per Square Feet
$11.01

Investment Highlights

  • Long-Term, Double Net (NN) Lease
  • Approximately 11 Years Remaining on Planet Fitness Lease & 4.5 Years Remain on Innovated Vapors Lease
  • Ten Percent (10%) Rental Increase on Planet Fitness Lease Occurs June 2023

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Planet Fitness and Innovated Vapors located at 208 TX-332 in Lake Jackson, Texas. The site consists of roughly 23,646 rentable square feet of building space on estimated 2.39-acre parcel of land. The Planet Fitness and Innovated Vapors are subject to individual leases. Planet fitness signed an original 15-year lease and there is currently more than 11 years remaining. Innovated Vapors signed a 5-year lease agreement with over 4.5 years remaining. Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower