The NNN Fitness group of Marcus & Millichap is pleased to bring to market a 22,800 square-foot single-tenant Planet Fitness located in Tyler, TX. Planet Fitness recently extended the initial term of the lease for an additional 7 years at a low rent of $9/SF expiring in 2031. The lease features (2) 5 year renewal options remaining with 10% rental increases in each of the remaining options.
Positioned adjacent to S SE Loop 323 and Fifth St. a main retail and medical corridor that sees over 39,000 vehicles per day. Furthermore, the property benefits from its location less than 1 mile from Tyler Junior College and UT Tyler main campus with a combined 22,000+ students.