Planet Fitness - Fort Wayne, IN

Asset Type

Retail

Address
1916 W Dupont Road Fort Wayne, IN United States 46818
Asking Price

S$4,017,000

Sq Footage

25,000

Year Built

2013

Cap Rate

8.10%

Additional Attributes

Property Description

JLL is pleased to offer for sale the fee-simple interest in a single-tenant Planet Fitness asset 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 timeframe. 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). Bain's DIF is an investment strategy focused on mission-driven companies and visions.


Investment Highlights

  • Prime location in bustling commercial plaza next to Walmart Supercenter
  • 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 guaranty through Bain Capital-backed 29-unit Planet Fitness operator
Listing Contacts
Alex Sharrin
Alex Sharrin
SVP, Capital Markets
+65 3159 4021
IL - 475.170243
Adam Broderick
Adam Broderick
Executive Vice President
+65 3159 4021
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