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817 E 72nd
Tacoma, WA 98404
Planet Fitness · Retail Property For Sale
Investment Highlights
- 10+ years of lease term remaining
- Strong franchisee
- The property is roughly 35 miles from downtown Seattle, tapping into a large metropolitan population base and employment market.
- Absolute NNN lease with no landlord responsibilities
- The property is positioned within the Seattle Metropolitan Statistical Area (MSA), offering proximity to one of the largest economic hubs.
- The site is surrounded by a blend of regional and neighborhood retail, residential areas, schools, and service providers, creating steady foot traffic
Executive Summary
Equity CRE is pleased to offer investors the opportunity to purchase a Planet Fitness in the Seattle MSA. Located in Tacoma, WA the subject property features a 22,450 square foot freestanding building located at 817 E 72nd Street, Tacoma, WA.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
22,450 SF
Building Class
C
Year Built/Renovated
1957/1987
Price
$4,027,355
Price Per SF
$179.39
Cap Rate
6.20%
NOI
$249,665
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
2.38 AC
Zoning
M1 - Commercial
Parking
148 Spaces (6.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 032027-2089 | Improvements Assessment | $1,127,900 |
| Land Assessment | $2,266,600 | Total Assessment | $3,394,500 |
Property Taxes
Parcel Number
032027-2089
Land Assessment
$2,266,600
Improvements Assessment
$1,127,900
Total Assessment
$3,394,500
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