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3630 W Southern Ave
Phoenix, AZ 85041
Planet Fitness · Retail Property For Sale
Investment Highlights
- National Credit Tenant with Scalable Model
- Extremely Low Rent & Price Point
- Top Planet Fitness Franchisee
- High-Traffic Arterial Corridor
Executive Summary
The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a single-tenant Planet Fitness located in Phoenix, Arizona. The 20,000 SF fitness facility is secured by a NN lease with United PF (195+ Units), one of the largest and most experienced Planet Fitness franchisees in the country, providing strong national credit-backed income and minimal landlord responsibilities. The offering features approximately 5.5 years of remaining term with structured rent increases and four 5-year renewal options, along with below-market rent of just $12.50/SF, supporting strong unit-level economics and long-term tenant durability.
Located within a high-traffic arterial corridor of Phoenix, the property benefits from strong visibility, convenient access, and consistent commuter traffic (44,388 combined VPD). The surrounding area includes over 214,000 residents within a five-mile radius, supported by robust average household incomes exceeding $108,000 within three miles, providing a strong and stable consumer base for long-term demand.
Located within a high-traffic arterial corridor of Phoenix, the property benefits from strong visibility, convenient access, and consistent commuter traffic (44,388 combined VPD). The surrounding area includes over 214,000 residents within a five-mile radius, supported by robust average household incomes exceeding $108,000 within three miles, providing a strong and stable consumer base for long-term demand.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built
2016
Price
$5,454,640 CAD
Price Per SF
$272.73 CAD
Cap Rate
6.25%
NOI
$340,915 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
1.38 AC
Zoning
C-2
Parking
232 Spaces (11.6 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 105-75-458 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $564,352 CAD |
Property Taxes
Parcel Number
105-75-458
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$564,352 CAD
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