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Shopping Neighborhood

Planet Fitness

108 Jack White Dr, Kingsport, TN 37660

Listing Price: $4,607,000

Cap Rate
6.50%
Gross SF
19,963
Rentable SF
19,963
Price/Gross SF
$230.78
Lot Size
2.30 acres
Year Built
2019

Investment Overview

Marcus and Millichap is pleased to exclusively present the Kingsport Planet Fitness, located at 108 Jack White Dr | Kingsport, TN. The subject property consists of a 19,963 square-foot fitness center, which is situated on a 2.30-acre parcel, and was built in 2019. Planet Fitness occupies 100% of the space and upon sale will execute a new 10-year absolute NNN lease with annual 2.00% escalations. Well located, the subject property provides great access to Lee Hwy (32,407+ VPD), and is just a 10-minute drive to downtown Kingsport. The surrounding retail corridor is strong as nearby destinations include: TJ Maxx, PetSmart, Smoothie King, Starbucks, Buffalo Wild Wings, Taco Bell, Kroger and more.

Investment Highlights

  • 10-Year Sale-Leaseback
  • 2.00% Annual Bumps
  • 1 of 7 Franchise Locations

Exclusively Listed By

Shopping Neighborhood

Planet Fitness

Listing Price: $4,607,000

Cap Rate
6.50%
Gross SF
19,963
Rentable SF
19,963
Price/Gross SF
$230.78
Lot Size
2.30 acres
Year Built
2019

Investment Highlights

  • 10-Year Sale-Leaseback
  • 2.00% Annual Bumps
  • 1 of 7 Franchise Locations

Investment Overview

Marcus and Millichap is pleased to exclusively present the Kingsport Planet Fitness, located at 108 Jack White Dr | Kingsport, TN. The subject property consists of a 19,963 square-foot fitness center, which is situated on a 2.30-acre parcel, and was built in 2019. Planet Fitness occupies 100% of the space and upon sale will execute a new 10-year absolute NNN lease with annual 2.00% escalations. Well located, the subject property provides great access to Lee Hwy (32,407+ VPD), and is just a 10-minute drive to downtown Kingsport. The surrounding retail corridor is strong as nearby destinations include: TJ Maxx, PetSmart, Smoothie King, Starbucks, Buffalo Wild Wings, Taco Bell, Kroger and more.

Exclusively Listed By

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