Our firm is pleased to exclusively offer for sale a single tenant NNN Planet Fitness in Hobbs, NM. This new construction opportunity has a brand new 10 year lease with Exaltare Capital Partners, a Planet Fitness operator with over 50 units. The rent commenced in April 2016 and the property is situated at the highest traffic intersection in town (over 40,000 CPD) adjacent to a single market entry CVS. Planet Fitness is the fastest growing fitness operator in the United States, providing its members low prices and unbeatable value in a relaxed "Judgment Free" atmosphere that allows all people, at all fitness levels, the opportunity to pursue and active and healthy lifestyle. Planet Fitness has over 1,000 locations and is publicly traded (NYSE:PLNT).


Price $3,285,000
NOI $246,400
CAP Rate 7.5
Rentable SF 17,600
Land 1.7 acres

Posted Sep 30, 2016

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