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Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
20,257 SF
Building Class
B
Year Built
2006
Price
$4,618,989 CAD
Price Per SF
$228.02 CAD
Cap Rate
7.25%
NOI
$334,849 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.87
Lot Size
0.53 AC
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Planet Fitness
Starbucks
Chili's Grill & Bar
Buffalo Wild Wings
Applebee's
Golden Corral
Texas Roadhouse
Famous Dave's
IHOP
Denny's

Property Taxes

Property Taxes

Parcel Number
665-22-003
Land Assessment
$8,536 CAD
Improvements Assessment
$80,347 CAD
Total Assessment
$88,883 CAD
  • Listing ID: 40621340

  • Date on Market: 2026-05-21

  • Last Updated:

  • Address: 1232 S Castle Dome Ave, Yuma, AZ 85365

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