Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Planet Fitness in North Smithfield, RI. This freestanding 17,450 SF single-tenant building is leased to Planet Fitness on a 15-year lease that commenced 6/1/2019. The property is a top-performing location in the state of Rhode Island and is also ranked in the 8th percentile of gyms across the country. The property sits within the Dowling Village Shopping Center, home to national retailers such as Walmart, Lowe’s, PetSmart, Kohl’s, and Aldi.

Situated at 16 Dowling Village Boulevard, the property is positioned amongst the main retail node of North Smithfield, which sits just 12 miles north of Providence. Planet Fitness is currently paying $226,850 annually, and the lease includes two, five (5) year options with $1 PSF increases every five years. The property sits along Route 146A (Eddie Dowling Highway) which sees 23,439 VPD and is the main highway connecting Providence with its northern suburbs.