5801 Rogers Ave
Fort Smith, AR 72903
Planet Fitness · Retail Property For Sale

NNN PLANET FITNESS | Brand New 2016 Construction We are pleased to offer an excellent long term (10 years remaining) Planet Fitness NNN leased investment on a heavily trafficked retail corridor in the densely populated Forst Smith, Arkansas market (2nd largest City in Arkansas). IDEAL LOCATION: The subject property consists of a very large land parcel of +/- 2.32 Acres, accommodating the high parking demand of the retailer's many customers. The facility consists of a newly constructed (2016 built) 22,000 square foot build-to-suit, leased long term to Planet Fitness. It enjoys great retail synergy from its shadow anchor tenants such as Staples, Burlington Coat Factory, Toys R' Us and McDonald's. The retail thoroughfare, Rogers Ave., attracts over 33,000 cars per day. It is also visible from AR Interstate 540 (over 46,000 cars per day). TENANT DEDICATION & PROVEN TRACK RECORD: Planet Fitness invested millions in out of pocket improvements and FF&E at this brand new 2016 built location. Their state of the art build-out features new fire life safety systems, exposed HVAC ducts, ADA bathrooms and showers, spacious locker rooms, tanning rooms, massage chair rooms, an attractive wide open floor plan with high ceilings and great lighting. Planet Fitness ("PF") has a national proven track record: every club replaces its fitness equipment every 5-6 years and refreshes/refurbishes it' s layout and design every 4-5 years to address wear and tear (per PF' s corporate real estate book). BELOW MARKET RENT AND 10% RENT BUMPS: The current rent of $16 per square foot (per year) is considered very sustainable for a newly built junior anchor in a high density infill area shopping center. The Buyer of this passive income investment with minimal landlord responsibilities will enjoy a stable income stream from a brand new 10 1/2 year triple net (NNN) lease (10 years remaining). STRONG FRANCHISE PERFORMANCE: This store just opened and is already a top tier producer with record breaking membership numbers.