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Fitness Center

Top-Performing Planet Fitness Anchor | New 10-Year Lease | Branford, CT ($147k AHHI)

469 E Main St, Branford, CT 06405

Listing Price: $5,890,000

Cap Rate
7.00%
Tenant Name
Planet Fitness, Multiple Tenants
Years Remaining On Lease
9.6
Guarantor
Franchisee Guarantee
Rentable SF
28,008
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.40

Investment Overview

Marcus & Millichap is pleased to present a multi-tenant investment opportunity anchored by a top-performing Planet Fitness in Branford, CT. Planet Fitness recently extended its lease for an additional 10 years through 2034, with two 5-year renewal options and 3% annual rent increases, contributing 78% of the total gross income and providing stable growth over the long term.

This Planet Fitness ranks as the #1 health club within a 15-mile radius and is in the top 6% of locations nationwide, highlighting its exceptional performance and customer loyalty. Situated in a mature trade area, the property draws from a dense residential community of over 28,000 residents, with an average household income exceeding $147,000 within one mile. Surrounded by national retailers, this property benefits from strong demographics, high visibility, and a thriving commercial environment, making it an attractive investment opportunity.

Investment Highlights

  • Recent 10 year Extension & Low Rent
  • Top Performing Location
  • Strong Demographics

Exclusively Listed By

Financing By

Fitness Center

Top-Performing Planet Fitness Anchor | New 10-Year Lease | Branford, CT ($147k AHHI)

Listing Price: $5,890,000

Cap Rate
7.00%
Tenant Name
Planet Fitness, Multiple Tenants
Years Remaining On Lease
9.6
Guarantor
Franchisee Guarantee
Rentable SF
28,008
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.40

Investment Highlights

  • Recent 10 year Extension & Low Rent
  • Top Performing Location
  • Strong Demographics

Investment Overview

Marcus & Millichap is pleased to present a multi-tenant investment opportunity anchored by a top-performing Planet Fitness in Branford, CT. Planet Fitness recently extended its lease for an additional 10 years through 2034, with two 5-year renewal options and 3% annual rent increases, contributing 78% of the total gross income and providing stable growth over the long term. This Planet Fitness ranks as the #1 health club within a 15-mile radius and is in the top 6% of locations nationwide, highlighting its exceptional performance and customer loyalty. Situated in a mature trade area, the property draws from a dense residential community of over 28,000 residents, with an average household income exceeding $147,000 within one mile. Surrounded by national retailers, this property benefits from strong demographics, high visibility, and a thriving commercial environment, making it an attractive investment opportunity.

Exclusively Listed By

Financing By

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