Retail

Planet Fitness - Fort Wayne, IN

1916 W Dupont Rd Fort Wayne, IN United States 46818-7500
Asking Price
Sq. Footage 25,000
NOI Net Operating Income
Cap Rate 8.10%

Attributes

Year Built 2013
Lease Type NN
Current / Passing Rent
Lease Expiration 2024-07-31
Remaining Term 4 years, 6 months
Tenant Planet Fitness
Lot Size 2.08 ACRES

Property Description

Planet Fitness, a single-tenant property for sale in Fort Wayne, IN. Located within an affluent pocket of the market which earns over $92,000 of average annual household income within a one-mile radius, Planet Fitness has demonstrated outstanding corporate growth, generating over $572 million in revenue in 2018 and reflecting a 19.6% CAGR over the 2014 - 2018 time-frame. The lease is guaranteed by BCDI Great Lakes Holdings Inc, a 29-unit Planet Fitness Operator with locations throughout Indiana and Michigan, two states among the nation’s lowest on key health indicators like blood pressure and obesity. The guarantee is affiliated with Impact Fitness, an operator within Bain Capital’s Double Impact Fund (DIF).  

Investment Highlights

  • Fee simple interest of 100%
  • Prime location in bustling commercial plaza next to Walmart Super-center
  • High-earning, growing and populous demographic profile
  • Newly-built asset benefiting from sensational company-wide sales growth
  • Strategically positioned to capitalize on emerging & strengthening fitness trends
  • Full corporate guarantee through Bain Capital-backed 29-unit Planet Fitness operator
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
Licensed in
IL - 475.170243
Adam Broderick
Adam Broderick
Executive Vice President

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