Top-Performing Planet Fitness Anchor | New 10-Year Lease | Branford, CT ($147k AHHI) | 3% Annual Bumps
$5,890,000
469 East Main Street, Branford, CT 06405
7
Cap Rate
412,296
NOI
Details:
Highlights:
- Recent 10 year Extension & Low Rent
- Top Performing Location
- Strong Demographics
Description:
The NNN Fitness Group of Marcus & Millichap is pleased to present a multi-tenant investment opportunity anchored by a top-performing Planet Fitness in Branford, CT. Planet Fitness recently extended its lease for an additional 10 years through 2034, with two 5-year renewal options and 3% annual rent increases, contributing 78% of the total gross income and providing stable growth over the long term.
This Planet Fitness ranks as the #1 health club within a 15-mile radius and is in the top 6% of locations nationwide, highlighting its exceptional performance and customer loyalty. Situated in a mature trade area, the property draws from a dense residential community of over 28,000 residents, with an average household income exceeding $147,000 within one mile. Surrounded by national retailers, this property benefits from strong demographics, high visibility, and a thriving commercial environment, making it an attractive investment opportunity.
Documents:
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Planet_Fitness__Branford__CT_-_OM.pdf
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