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Planet Fitness 1232 S Castle Dome Ave 20,257 SF Retail Building Yuma, AZ 85365 $3,240,000 ($159.94/SF) 7.50% Cap Rate



Investment Highlights
- Planet Fitness (NYSE: PLNT) 2,900 Locations | Largest Gym Operator in the U.S.
- Highly Trafficked Regional Retail Hub Location Serving the Trade Area - Part of Las Palmillas Center.
- The property occupies a high-profile “End Cap” position within the Las Palmillas Center,
- Immediate Upside with 8% Rent Increase in August 2027 Increases Cap Rate to 8.13%
- 8 Freeway Visibility With Top Panel Signage On Freeway Pylon Sign 50,000 Vehicles Per Day
Executive Summary
Faris Lee Investments is pleased to offer a single tenant net-leased Planet Fitness (NYSE: PLNT), the largest gym operator in the U.S., with over 2,900 locations and a membership base exceeding 20 million. Planet Fitness is coming off a record-breaking 2025, generating $1.32 Billion in revenue, a 12% year-over-year increase, and a 6.7% rise in same-club sales. This specific store is operated by United FP TOM LLC, one of the largest franchisees in the system with over 190 locations across 14 states, providing a strong, seasoned operator & lease guarantee. Investors benefit from immediate upside via a scheduled 8% rent increase in August 2027 that elevates the Cap Rate to 7.85%. The strength of this location is further evidenced by the tenant exercising a 5-year renewal early, leaving 6 years of firm term remaining at a site Planet Fitness has successfully operated since 2012.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
20,257 SF
Building Class
B
Year Built
2006
Price
$3,240,000
Price Per SF
$159.94
Cap Rate
7.50%
NOI
$243,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.87
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
B-2
Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 665-22-003 | Improvements Assessment | $58,436 |
| Land Assessment | $6,208 | Total Assessment | $64,644 |
Property Taxes
Parcel Number
665-22-003
Land Assessment
$6,208
Improvements Assessment
$58,436
Total Assessment
$64,644
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Contact the Sale Advisor
Planet Fitness | 1232 S Castle Dome Ave

