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Executive Summary
Institutional-Quality Net Lease Investment | Planet Fitness | New Construction | Premier Oregon Coast Retail Location
This is a rare opportunity to acquire a newly constructed 15,000-square-foot net leased Planet Fitness located within Teakwood Plaza, the premier big-box retail center serving Oregon's South Coast.
Planet Fitness is one of the nation's largest fitness brands, with thousands of locations, exceptional consumer recognition, and a proven membership-based business model that has established the company as a leader in the fitness industry.
The property occupies a highly visible location on U.S. Highway 101 with outstanding bi-directional frontage and exposure to more than 27,200 vehicles per day—the highest traffic counts in Coos County. Neighboring retailers include Tru Furniture and the newly developed TJ Maxx, creating a dominant regional shopping destination that serves consumers from across the Southern Oregon Coast.
Coos Bay is the largest city on the Oregon Coast and functions as the region's primary commercial and retail center. Teakwood Plaza is a truly irreplaceable development, offering investors ownership in one of the coast's premier retail assets with limited future competition.
Investment Highlights
• Newly constructed 15,000 SF net leased investment
• Nationally recognized Planet Fitness location
• Located within Teakwood Plaza, the region's premier retail destination
• Adjacent to TJ Maxx and Tru Furniture
• Prime U.S. Highway 101 location with 27,200+ vehicles per day
• Exceptional visibility and regional accessibility
• Passive ownership with minimal landlord responsibilities
• Stable long-term income potential in an irreplaceable retail corridor
Institutional-quality net leased opportunities of this caliber are seldom available on the Oregon Coast. This offering combines a nationally recognized tenant, premier highway frontage, and a dominant regional retail location to create an outstanding long-term investment opportunity.
This is a rare opportunity to acquire a newly constructed 15,000-square-foot net leased Planet Fitness located within Teakwood Plaza, the premier big-box retail center serving Oregon's South Coast.
Planet Fitness is one of the nation's largest fitness brands, with thousands of locations, exceptional consumer recognition, and a proven membership-based business model that has established the company as a leader in the fitness industry.
The property occupies a highly visible location on U.S. Highway 101 with outstanding bi-directional frontage and exposure to more than 27,200 vehicles per day—the highest traffic counts in Coos County. Neighboring retailers include Tru Furniture and the newly developed TJ Maxx, creating a dominant regional shopping destination that serves consumers from across the Southern Oregon Coast.
Coos Bay is the largest city on the Oregon Coast and functions as the region's primary commercial and retail center. Teakwood Plaza is a truly irreplaceable development, offering investors ownership in one of the coast's premier retail assets with limited future competition.
Investment Highlights
• Newly constructed 15,000 SF net leased investment
• Nationally recognized Planet Fitness location
• Located within Teakwood Plaza, the region's premier retail destination
• Adjacent to TJ Maxx and Tru Furniture
• Prime U.S. Highway 101 location with 27,200+ vehicles per day
• Exceptional visibility and regional accessibility
• Passive ownership with minimal landlord responsibilities
• Stable long-term income potential in an irreplaceable retail corridor
Institutional-quality net leased opportunities of this caliber are seldom available on the Oregon Coast. This offering combines a nationally recognized tenant, premier highway frontage, and a dominant regional retail location to create an outstanding long-term investment opportunity.
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- Miscellaneous
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
15,152 SF
Building Class
A
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
3.63 AC
Zoning
I-C - designates areas for a mix of light industrial activities—such as manufacturing, warehousing, and wholesale trade—alongside compatible commercial
Parking
96 Spaces (6.34 Spaces per 1,000 SF Leased)
Frontage
116’ on Teakwood Avenue
Amenities
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 46
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1236 Teakwood Ave
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