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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
$27,011,953 CAD
Price Per SF
$421.40 CAD
Cap Rate
6.46%
NOI
$1,745,492 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 when Michael and Marc Grondahl bought a failing Gold's Gym in Dover, New Hampshire. The company created a welcoming environment for casual exercisers with its Judgement Free Zone concept. Planet Fitness grew rapidly through franchising, becoming one of the largest fitness chains globally. The business model focuses on affordability and accessibility with low membership fees. The company provides cardio and strength equipment, free fitness training, and various membership options. Planet Fitness operates thousands of locations worldwide.

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

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 104
  • 1,240 SF
  • Retail
  • In-Line
  • Now

Anchored by Planet Fitness. 1,240 SF available

  • 403
  • 1,200 SF
  • Retail
  • In-Line
  • Now

Anchored by Planet Fitness. 1,200 SF of retail space available.

Space Size Space Use Position Available
104 1,240 SF Retail In-Line Now
403 1,200 SF Retail In-Line Now

104

Size
1,240 SF
Space Use
Retail
Position
In-Line
Available
Now

403

Size
1,200 SF
Space Use
Retail
Position
In-Line
Available
Now

104

Size 1,240 SF
Space Use Retail
Position In-Line
Available Now

Anchored by Planet Fitness. 1,240 SF available

403

Size 1,200 SF
Space Use Retail
Position In-Line
Available Now

Anchored by Planet Fitness. 1,200 SF of retail space available.

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
Gravity Coffee
Walmart Neighborhood Market

Property Taxes

Property Taxes

Parcel Number
501-77-968
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,355,148 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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