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Fitness Center

Top Performing Planet Fitness | 12 Years Rem. | Significant Upside

412 S Main St, Graham, NC 27253

Listing Price: $4,704,000

Cap Rate
6.15%
Tenant Name
Planet Fitness
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
32,378
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.94

Investment Overview

The NNN Fitness group of Marcus & Millichap is pleased to exclusively offer a 32,378 SF top-performing Planet Fitness located in Graham, NC (Piedmont Triad Region). The Planet Fitness has 12 years remaining on the initial 20-year lease term. There is huge upside potential with the lease-up of +/- 9,000 SF of currently vacant space that will get this deal operating over a 7.75 CAP. In addition, this location features a brand-new roof installed in 2021 as well as recent parking lot repairs, providing limited capital expenditure over the long term for the buyer. The Piedmont Triad region encompasses three cities: Greensboro, Winston-Salem, and Highpoint. This region has over 1.6 million residents, making it the 30th largest metropolitan area in the U.S. The region’s economy has historically been tied to textiles, furniture, and tobacco, but new growth industries are emerging rapidly, including distribution, logistics, biotechnology, and aviation & aerospace. There are many well-known colleges and universities in the Piedmont Triad with a total enrollment exceeding 60,000. Wake Forest, Elon, and High Point are among the area's top universities.

Investment Highlights

  • Top Performing Location
  • Franchisee of the Year – 2019
  • Excellent Access & Visibility
  • Multi-City Draw
  • Brand New Roof

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Fitness Center

Top Performing Planet Fitness | 12 Years Rem. | Significant Upside

Listing Price: $4,704,000

Cap Rate
6.15%
Tenant Name
Planet Fitness
Years Remaining On Lease
11.5
Guarantor
Corporate Guarantee
Rentable SF
32,378
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.94

Investment Highlights

  • Top Performing Location
  • Franchisee of the Year – 2019
  • Excellent Access & Visibility
  • Multi-City Draw
  • Brand New Roof

Investment Overview

The NNN Fitness group of Marcus & Millichap is pleased to exclusively offer a 32,378 SF top-performing Planet Fitness located in Graham, NC (Piedmont Triad Region). The Planet Fitness has 12 years remaining on the initial 20-year lease term. There is huge upside potential with the lease-up of +/- 9,000 SF of currently vacant space that will get this deal operating over a 7.75 CAP. In addition, this location features a brand-new roof installed in 2021 as well as recent parking lot repairs, providing limited capital expenditure over the long term for the buyer. The Piedmont Triad region encompasses three cities: Greensboro, Winston-Salem, and Highpoint. This region has over 1.6 million residents, making it the 30th largest metropolitan area in the U.S. The region’s economy has historically been tied to textiles, furniture, and tobacco, but new growth industries are emerging rapidly, including distribution, logistics, biotechnology, and aviation & aerospace. There are many well-known colleges and universities in the Piedmont Triad with a total enrollment exceeding 60,000. Wake Forest, Elon, and High Point are among the area's top universities.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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