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Planet Fitness 600 W Andrew Johnson Hwy 15,019 SF 100% Leased Retail Building Greeneville, TN 37745 $6,056,000 ($403.22/SF) 6.50% Cap Rate
Investment Highlights
- Available as a Portfolio or Individually
- 29,000+ residents and 12,000+ households within a five-mile trade area
- Proximity to Tusculum University supporting year-round consumer demand
- 28,000+ VPD along US-11E, Greeneville's primary commercial corridor
- Surrounded by Walmart, Lowe's, Chick-fil-A, McDonald's, and more
- ±12 years remaining with two 5-year renewal options and rent increases
Executive Summary
Hutt Cooke
Matthews Real Estate Investment Services, Inc
356505, 263667 (TN)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Arts, Entertainment, and Recreation
- -
- -
- -
Planet Fitness began in 1992 in Dover, New Hampshire, where the company started as a local gym before evolving into a broader fitness concept. The business built its model around a low-cost, non-intimidating environment known as the Judgement Free Zone, aimed at making gym use more accessible to casual and first-time exercisers. Today, Planet Fitness operates as a major franchisor and operator of fitness centers, with clubs across the United States and several other markets, and it supports members through club access, digital workouts, and app-based tools. The company offers cardio and strength equipment, membership tiers, and free fitness instruction through small-group training programs.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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|
Arts, Entertainment, and Recreation | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 086M-A-006.03 | Improvements Assessment | $715,840 |
| Land Assessment | $245,120 | Total Assessment | $960,960 |
Property Taxes
