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1232 S Castle Dome Ave 20,257 SF Retail Condo Unit Offered at $4,612,620 CAD in Yuma, AZ 85365
Investment Highlights
- Planet Fitness (NYSE: PLNT) 2,900 Locations | Largest Gym Operator in the U.S
- Highly Trafficked Regional Retail Hub Location Serving the Trade Area Part of Las Palmillas Center.
- Immediate Upside with 8% Rent Increase in August 2027 Increases Cap Rate to 7.85%
- 8 Freeway Visibility With Top Panel Signages On Freeway Pylon Sign 50,000 Vehicles Per Day
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 7.25% |
| Sale Type | Investment |
| Cap Rate | 7.25% |
Sale Notes
Faris Lee Investments is pleased to offer a single tenant net-leased Planet Fitness (NYSE: PLNT), the largest gym operator in the U.S., with over 2,900 locations and a membership base exceeding 20 million. Planet Fitness is coming off a record-breaking 2025, generating $1.32 Billion in revenue, a 12% year-over-year increase, and a 6.7% rise in same-club sales. This specific store is operated by United FP TOM LLC, one of the largest franchisees in the system with over 190 locations across 14 states, providing a strong, seasoned operator & lease guarantee. Investors benefit from immediate upside via a scheduled 8% rent increase in August 2027 that elevates the Cap Rate to 7.85%. The strength of this location is further evidenced by the tenant exercising a 5-year renewal early, leaving 6 years of firm term remaining at a site Planet Fitness has successfully operated since 2012.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1232 | 20,257 SF | Retail | $4,612,620 CAD ($227.71 CAD/SF) | $334,387.45 CAD |
Unit 1232
| Unit Size |
| 20,257 SF |
| Condo Use |
| Retail |
| Price |
| $4,612,620 CAD ($227.71 CAD/SF) |
| NOI |
| $334,387.45 CAD |
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Unit 1232
| Unit Size | 20,257 SF |
| Condo Use | Retail |
| Price | $4,612,620 CAD ($227.71 CAD/SF) |
| NOI | $334,387.45 CAD |
| Sale Type | Investment |
| Cap Rate | 7.25% |
| Sale Notes | |
| Faris Lee Investments is pleased to offer a single tenant net-leased Planet Fitness (NYSE: PLNT), the largest gym operator in the U.S., with over 2,900 locations and a membership base exceeding 20 million. Planet Fitness is coming off a record-breaking 2025, generating $1.32 Billion in revenue, a 12% year-over-year increase, and a 6.7% rise in same-club sales. This specific store is operated by United FP TOM LLC, one of the largest franchisees in the system with over 190 locations across 14 states, providing a strong, seasoned operator & lease guarantee. Investors benefit from immediate upside via a scheduled 8% rent increase in August 2027 that elevates the Cap Rate to 7.85%. The strength of this location is further evidenced by the tenant exercising a 5-year renewal early, leaving 6 years of firm term remaining at a site Planet Fitness has successfully operated since 2012.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 139,187 SF | Typical Floor Size | 20,257 SF |
| Property Type | Retail (Condo) | Year Built | 2006 |
| Property Subtype | Storefront | Lot Size | 15.88 AC |
| Building Class | B | Parking Ratio | 38.55/1,000 SF |
| Floors | 1 | Opportunity Zone |
Yes
|
| Zoning | C-2 | ||
| Total Building Size | 139,187 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 20,257 SF |
| Year Built | 2006 |
| Lot Size | 15.88 AC |
| Parking Ratio | 38.55/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
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1232 S Castle Dome Ave
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