Fitness Center
Planet Fitness and Innovated Vapors
208 TX-332, Lake Jackson, TX 77566
Listing Price: $4,337,641
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.
Listing Price: $4,337,641
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.
