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Planet Fitness 7530 Thunder Ln 15,019 SF 100% Leased Retail Building Powell, TN 37849 $8,309,902 CAD ($553.29 CAD/SF) 6.50% Cap Rate

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Investment Highlights

Investors have the flexibility to acquire the asset as part of a larger portfolio or as a standalone investment.
Situated in Knox County, Tennessee’s third-largest county with a population exceeding 500,000 residents.
Located within a growing residential community supported by strong schools, established neighborhoods, and an increasing concentration of dual-income

Strategically located along the heavily traveled East Emory Road corridor with signalized access and more than 27,000 vehicles per day.
Positioned among a strong concentration of national brands creating a highly active retail environment with consistent consumer traffic.
Constructed in 2024, the property requires minimal near-term capital expenditures and features approximately 12 years remaining on the initial lease.

Executive Summary

Broker of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Health Club

Building Size

15,019 SF

Building Class

Year Built

2023

Price

$8,309,902 CAD

Price Per SF

$553.29 CAD

Cap Rate

6.50%

NOI

$540,144 CAD

Percent Leased

100%

Building Height

1 Story

Building FAR

0.22

Lot Size

1.58 AC

Major Tenants

Arts, Entertainment, and Recreation
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Planet Fitness began in 1992 in Dover, New Hampshire, as a gym concept built around an accessible, non-intimidating workout environment. The company franchises and operates fitness centers that provide strength and cardio equipment, free training, and membership options designed for everyday gym users. The company has achieved continued club growth and maintains a broad presence across the United States and several international markets, supported by a franchise-heavy model.