Health Clubs
Planet Fitness – Branford, CT
Health Clubs Offerings
Planet Fitness – Branford, CT
469 E Main St,
Branford, CT 06405
- Price:
- $5,890,000
- Cap Rate:
- 7.00%
- NOI:
- $412,296
- Rentable SQFT:
- 28,088 SF
- Year Built:
- 2005
- Lot Size:
- 3.93 AC
- Lease Type:
- Multiple
- Type of Ownership:
- Fee Simple
- Status:
- Available
Investment Highlights
- Recent 10 year Extension & Low Rent
- Top Performing Location
- Strong Demographics
The NNN Fitness Group of Marcus & Millichap is pleased to present a multi-tenant investment opportunity anchored by a top-performing Planet Fitness in Branford, CT. Planet Fitness recently extended its lease for an additional 10 years through 2034, with two 5-year renewal options and 3% annual rent increases, contributing 78% of the total gross income and providing stable growth over the long term.
This Planet Fitness ranks as the #1 health club within a 15-mile radius and is in the top 6% of locations nationwide, highlighting its exceptional performance and customer loyalty. Situated in a mature trade area, the property draws from a dense residential community of over 28,000 residents, with an average household income exceeding $147,000 within one mile. Surrounded by national retailers, this property benefits from strong demographics, high visibility, and a thriving commercial environment, making it an attractive investment opportunity.
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