Planet Fitness - Fredericksburg, VA

9723 Jefferson Davis Hwy
Fredericksburg , VA 22407-9406

Planet Fitness - Fredericksburg, VA - Retail for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a single-tenant, in-line Planet Fitness (the “Property” or “Asset”) located in Fredericksburg, VA. The Asset is individually parceled within a multi-tenant construction and located in Cosner’s Corner, a leading shopping center in the region anchored by national banners including Target, Marshalls, and Publix.

Investment Highlights


  • NN lease with over 8 years of term and options to renew
  • Publicly traded tenant (NYSE: PLNT) with exceptional growth trends
  • Affluent Washington D.C. submarket demographics
  • Close proximity to I-95, the eastern seaboard's largest thoroughfare
  • Adjacent to Target, Marshalls, Publix, and other leading national brands
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 9723 Jefferson Davis Hwy, Fredericksburg, VA 22407-9406
Land In Acres 2.55
Building Size 20,388  ft2
Financial
Price 2,446,560
Cap Rate 7.50%
Current NOI $183,492.00
Lease
Tenant's Name Planet Fitness
Lease Type NN
Annual Rent $183,492.00
Lease Expiration Date 07/31/2027
Remaining Term 8.5Yrs

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