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Investment Highlights

  • Anchored by Planet Fitness, with over 2,700 fitness club locations and over 19.7 million members
  • Upside for investors through below market rents in both the shops and the anchor leases allowing for mark-to-market growth
  • Needs-driven tenant lineup delivering essential goods and services
  • Strong performing anchor with this Planet Fitness ranking as a Top 25% location in Arizona, according to Placer.ai
  • Recent capital work with a roof recoat and asphalt reseal and stripe in 2024

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
64,101 SF
Building Class
C
Year Built
2006
Price
$27,858,599 CAD
Price Per SF
$434.60 CAD
Cap Rate
6.46%
NOI
$1,800,202 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.19
Lot Size
7.93 AC
Zoning
PAD - PAD, Planned Area Development
Parking
336 Spaces (5.24 Spaces per 1,000 SF Leased)
Frontage
518’ on W Bell Rd

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Planet Fitness began in 1992 in Dover, New Hampshire, where the company started as a local gym before evolving into a broader fitness concept. The business built its model around a low-cost, non-intimidating environment known as the Judgement Free Zone, aimed at making gym use more accessible to casual and first-time exercisers. Today, Planet Fitness operates as a major franchisor and operator of fitness centers, with clubs across the United States and several other markets, and it supports members through club access, digital workouts, and app-based tools. The company offers cardio and strength equipment, membership tiers, and free fitness instruction through small-group training programs.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Arts, Entertainment, and Recreation 99,999 SF - Lorem Ipsum Jan 0000
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Nearby Major Retailers

Starbucks
Fry's Food Pharmacy
Macayo's Mexican Kitchen
Filiberto's Mexican Food
Mountainside Fitness
Arizona Federal Credit Union
Dutch Bros
Gravity Coffee
Walmart Neighborhood Market

Property Taxes

Property Taxes

Parcel Number
501-77-968
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,397,145 CAD
  • Listing ID: 38067659

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 15557-15609 W Bell Rd, Surprise, AZ 85374

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