Planet Fitness 9291 Garnett rd 20,000 SF Retail Building Owasso, OK 74055 $5,750,000 ($287.50/SF) 6.35% Cap Rate

Positioned within the thriving Smith Farm MarketPlace retail corridor in Owasso, one of the fastest-growing suburbs of Tulsa, this newly constructed Planet Fitness represents a rare opportunity to acquire a high-performing, mission-critical net-leased asset in a magnet retail environment. The property benefits from more than six million annual visits to the surrounding trade area, drawing consistent consumer traffic and reinforcing the strength of this location as a long-term fitness destination. Delivered in 2025 and situated on a large 2.25-acre parcel, the site offers durable physical quality, modern construction standards, and excellent visibility within one of Owasso’s most active commercial nodes. The tenant is secured under a long 15-year NNN lease structure featuring 2 percent annual rent increases, creating predictable income growth and minimal landlord responsibilities. This investment is further supported by a sizeable, experienced Planet Fitness franchisee whose corporate guaranty enhances stability and ensures performance throughout the lease term. The property’s strategic placement along N. Garnett Road provides convenient access for residents across the northeast Tulsa metro, while the area’s expanding population and strong retail adjacencies continue to elevate demand. As Owasso’s retail landscape intensifies with new development and sustained regional growth, this asset stands out as a compelling combination of credit-backed tenancy, prime suburban positioning, and long-range passive income durability. With its exceptional fundamentals, guaranteed lease structure, and immediate integration into a bustling retail corridor, this offering appeals directly to investors seeking a stable, low-maintenance, inflation-hedged CRE acquisition in one of Oklahoma’s most dynamic suburban markets