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Fully Leased Planet Fitness For Sale

Listing was updated on: 07/23/2019

Property Overview

Price/Rent PSF $ 2,179,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 25,736
Date Available 07/23/2019
Additional URL Link
Floors 1
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Description

Location
High Traffic/frontage from 75th Street (Hwy 50)
Corner of signalized Intersection
Located in Dense residential neighborhood
Monument Signage
Ample Parking with Cross Easement for parking

Sale
Great investment opportunity to own +/- 25,000 sf of brand new custom designed space by and leased to Planet Fitness, one of the fastest growing national brands!

10+ Years remain with rent increase at year six, 2-five year renewal options with rent increases.

Planet Fitness is part of the +/- 93,000 sf redevelopment of the former Sears and Auto Center, adjoining +/- 88,000 sf of multi-tenant retail space that includes anchor tenants: Piggly Wiggly, Aurora Health Care, McDonalds, Little Caesars, Sprint, Sally Beauty & Minuteman Press.

Pershing Plaza Shopping Center, 7516-7630 Pershing Blvd, Kenosha was constructed in 1965 with renovations in 2010 for Piggly Wiggly and Aurora Health Care, in 2018 Planet Fitness became part of the development and provided all of their own interior improvements.

Remaining retail space is undergoing an new exterior facade which will continue to attract new businesses to the retail center.

+/- 15,000 sf Plasma Center opening in 2020.

Location

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