Planet Fitness | Long Term NNN Lease w/ New Roof | Tifton, GA
$3,013,000
1912 Larkin Road, Tifton, GA 31793
7
Cap Rate
210,937
NOI
Details:
Highlights:
- Long-Term NNN Lease w/ New Roof
- One of the Largest Growing Planet Fitness Franchisees
- Retail Hub Location w/ Excellent Highway Access
Description:
The NNN Fitness group at Marcus & Millichap is pleased to bring to market a Planet Fitness in Tifton, Georgia, backed by a long-term NNN lease and operated by Taymax Group—one of the largest and fastest-growing Planet Fitness franchisees with 150+ locations across North America. With a household income over $92,000 within one mile and recognition as the top fitness center within a 15-mile radius, this offering represents a stable, passive investment in a growing Southeastern market.
Strategically located at 1912 Larkin Road on a 3.24-acre parcel, this 21,555-square-foot facility was built in 2018 and features ±130 parking spaces. A new roof was installed in 2023, and the tenant recently extended their lease through 2032, demonstrating their commitment to the site. The lease includes three 5-year renewal options and 10% rent increases every five years.
Positioned near the confluence of U.S. Highway 82, Carpenter Road, and I-75 (combined traffic count exceeding 85,000 VPD), the property sits within Tifton’s primary commercial corridor. Surrounding national retailers include Walmart, Lowe’s, Hobby Lobby, Chick-fil-A, Starbucks, and the nearby 272,000 SF Tifton Mall anchored by AMC and Belk.
Documents:
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Planet_Fitness__Tifton__GA_-_OM_KW.pdf
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