Fitness Center

Planet Fitness

1341 S Watson Rd, Buckeye, AZ 85326

Listing Price: $3,705,000

Cap Rate
6.75%
Tenant Name
United PF Tom, LLC
Years Remaining On Lease
13.1
Gross SF
20,091
Guarantor
Franchisee Guarantee
Rentable SF
20,091
Price/Gross SF
$184.41
Lease Type
Double Net
Rent Per Square Feet
$12.00

Investment Overview

Founded in 2016, United PF Partners is the largest Planet Fitness franchisee group with 170+ locations across Alabama, Arizona, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Texas, and West Virginia. United PF has development rights to continue expanding throughout the Midwest, South, Mid-Atlantic, and Southwest regions.

Investment Highlights

  • 57,648 Residents in Growing Buckeye Trade Area – Population and Households Projected to Increase 17%+ in Surrounding Area by 2024
  • Brand New 15-Year Lease with Planet Fitness (14 Years Remaining)
  • Rent Increase Next Year Brings Total Return to Over 7%
  • New 2019 Construction
  • Tenant is the Largest Planet Fitness Franchisee – Operates 170+ Locations Across 10 States, Including 37 Locations in Arizona

Exclusively Listed By

Listing Price: $3,705,000

Cap Rate
6.75%
Tenant Name
United PF Tom, LLC
Years Remaining On Lease
13.1
Gross SF
20,091
Guarantor
Franchisee Guarantee
Rentable SF
20,091
Price/Gross SF
$184.41
Lease Type
Double Net
Rent Per Square Feet
$12.00

Investment Highlights

  • 57,648 Residents in Growing Buckeye Trade Area – Population and Households Projected to Increase 17%+ in Surrounding Area by 2024
  • Brand New 15-Year Lease with Planet Fitness (14 Years Remaining)
  • Rent Increase Next Year Brings Total Return to Over 7%
  • New 2019 Construction
  • Tenant is the Largest Planet Fitness Franchisee – Operates 170+ Locations Across 10 States, Including 37 Locations in Arizona

Investment Overview

Founded in 2016, United PF Partners is the largest Planet Fitness franchisee group with 170+ locations across Alabama, Arizona, Kansas, Louisiana, Mississippi, Missouri, Oklahoma, Pennsylvania, Texas, and West Virginia. United PF has development rights to continue expanding throughout the Midwest, South, Mid-Atlantic, and Southwest regions.

Exclusively Listed By

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