Planet Fitness
Carlsbad
,
NM
New Mexico
Call for Details
$
5,454,000
.svg)
Call for Details
6.75
%
CAP Rate
New Construction
with Modern Materials & Finishes
Large Pylon Signage
Excellent Access & Visibility on US-285 (18,452 AADT)
2,175 Students + Staff
Built-In Customer Base Situated at Entrance to Southeast New Mexico College
Property details
- New Long-Term 15-Year Net Lease to Second Largest Planet Fitness Franchisee
- Fixed 10% Rent Increases Every 5 Years Including at the Start of Each Option Providing an Excellent Hedge Against Inflation
- NNN Lease Structure
- Subsidiary of ECP-PF Holdings Group, Inc.
- 2nd Largest Planet Fitness Franchisee
- Acquired by TowerBrook Capital Partners L.P. in 2021
- ECP-PF Holdings Group, Inc., is One of the Largest Developers & Operatorsof Fitness Clubs Under the Planet Fitness Brand (NYSE: PLNT), Serving~600,000 Members in 6 U.S. States and 3 Canadian Provinces
- Prominent Retail Location Adjacent to Carlsbad Medical Center & Carlsbad Mall
- Major Retail Tenants in Surrounding Area Include Lowe’s, Ashley Furniture, McDonald’s, Wells Fargo, Sonic Drive-In, McAlister’s Deli, Harbor Freight, Arby’s & More
- Outparcel to Lowe's with over 465,000 Annual Visits (per Placer.ai)
- Broad Economic Base in Tourism, Mining, and Oil & Gas
- Average Household Income of $115,749 within a 1 Mile Radius
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
NM RE Lic #20321