Health Clubs
Planet Fitness, Tyler, TX
Health Clubs Offerings
Planet Fitness, Tyler, TX
2747 E 5th St,
Tyler, TX 75701
- Price:
- $3,156,000
- Cap Rate:
- 6.50%
- NOI:
- $205,200
- Rentable SQFT:
- 22,800 SF
- Year Built:
- 1990
- Lot Size:
- 3.70 AC
- Lease Type:
- NN
- Type of Ownership:
- Fee Simple
- Status:
- Under Contract
Investment Highlights
- Recent Lease Extension
- Franchisee of The Year 2019 (150+ Units)
- Excellent Visibility Nearby Signalized Intersection
The NNN Fitness group of Marcus & Millichap is pleased to bring to market a 22,800 square-foot single-tenant Planet Fitness located in Tyler, TX. Planet Fitness recently extended the initial term of the lease for an additional 7 years at a low rent of $9/SF expiring in 2031. The lease features (2) 5 year renewal options remaining with 10% rental increases in each of the remaining options.
Positioned adjacent to S SE Loop 323 and Fifth St. a main retail and medical corridor that sees over 39,000 vehicles per day. Furthermore, the property benefits from its location less than 1 mile from Tyler Junior College and UT Tyler main campus with a combined 22,000+ students.
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