817 72Nd StTacoma, WA 98404

This exceptional investment opportunity presents a fee-simple ownership of a 22,450-square-foot Planet Fitness located at 817 E 72nd St, Tacoma, WA 98404, within the Seattle MSA. The property sits on a 2.38-acre lot and boasts a strong absolute NNN lease structure, eliminating landlord responsibilities. The current lease commenced March 1, 2024, and extends until February 28, 2034, providing a substantial remaining lease term of approximately 9.3 years. The property features a 6.20% cap rate and a Net Operating Income (NOI) of $249,696. Built in 1957 and renovated in 2016, this single-tenant building enjoys 100% occupancy. The tenant is a franchisee operating over 80 units, demonstrating financial strength and operational expertise. Rent increases are built into the lease, with a 10% bump every five years, ensuring consistent income growth. This is a prime opportunity for investors seeking a secure, high-performing retail asset with a long-term, stable tenant. The property is offered at an asking price of $4,027,355.