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7921 Camp Bowie W BlvdBenbrook, TX 76116
Planet Fitness, Fort Worth, TX
Asset ClassRetail
Top Performing Location | 7.00% Cap Rate | Healthy Rent & Price Point
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present the opportunity to acquire a 21,479-square-foot Planet Fitness in Benbrook, Texas, part of the Fort Worth metro. The property is leased to Planet Fitness, one of the largest and fastest-growing fitness operators worldwide with 2,599+ locations and 19.6 million members. The tenant signed a 16-year NNN lease in 2017 with 8+ years of term remaining through December 2033 and three additional 5-year options, featuring 10% rent increases every five years.

 

Situated on 1.95 acres with ±190 parking spaces, this top-performing location ranks in the top 6% of U.S. fitness clubs with over 1,200 daily check-ins (Placer.ai). The property benefits from strong area demographics, including a five-mile average household income exceeding $91,000, and visibility along Camp Bowie W Blvd and I-30 with combined traffic counts of over 130,000 vehicles per day.

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Investment Highlights

  • Low-Management Investment Opportunity
  • Top Performing Location
  • Healthy Rent & Price Point
  • Top Franchisee Operator
  • Local Demand & Competitive Position
  • Customer Experience & Strong Brand Reputation

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$2,838,500
CAP RATE
7.00%
NOI
$198,695
GLA
21,479 SF
YEAR BUILT
1969 / 2017
LOT SIZE
1.95 AC
LEASE TYPE
NNN
LEASE TERM
8.3 Yrs
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7921 Camp Bowie W BlvdBenbrook, TX 76116

INVESTMENT CONTACTS

Carl SegalPrincipal

License #: CA 019431154

(760) 404-9852csegal@kw.com
Tim SpeckBroker of Record

License #: 9002994

(972) 755-5200tim.speck@marcusmillichap.com
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Listing provided by Revere CRE