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Virtual Drive-By

Planet Fitness Absolute NNN

608 S Saginaw Blvd · Saginaw, TX 76179 · Fitness

Asking price
$4,300,000
Cap rate
6.80%
NOI (derived)
$292,400

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Lease

Lease typeAbsolute NNN
Term remaining8.5 yrs
Expiration01/2035
Rent bumpsYes
Options2- 5 year options
Ground leaseNo
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF20,000
Price / SF$233
Year built2021
Lot size1.86 ac
TypeStorefront
Days on market96

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​New Construction (2021): Purpose-built, modern retail construction designed specifically for fitness use with contemporary materials, efficient layout, and long-term durability.
  • ​100% Leased Long-Term Single-Tenant Asset: Fully occupied by Planet Fitness, providing immediate, predictable income backed by a proven national operator.
  • ​Strong Retail Corridor Location: Positioned on S. Saginaw Blvd, the city's main commercial artery, surrounded by grocery anchors, national retailers, and dense residential growth.
  • ​Large Footprint Facility: ±20,000 SF building size supports full-service fitness operations, ensuring tenant stickiness and long-term operational viability.
  • ​High-Growth Submarket: Saginaw continues to benefit from population expansion driven by North Fort Worth employment centers, Alliance Airport logistics growth, and expanding suburban rooftops.
  • ​Passive Investment Profile: Single-tenant structure allows for simplified ownership with limited landlord responsibilities and stable long-term income potential.

Property overview

Built in 2021, this ±20,000 SF free-standing retail property is 100% leased to Planet Fitness, one of the nation's fastest-growing fitness operators.​ Positioned along S.​ Saginaw Blvd in the heart of Saginaw's primary retail corridor, the asset provides investors with stable cash flow, strong corporate tenancy, and long-term relevance in a rapidly expanding North Fort Worth submarket.​

The property benefits from modern construction, strong surrounding demographics, and a highly visible retail location serving both Saginaw and the broader Alliance/Fort Worth growth corridor.​ With a 6.8% cap rate and a nationally recognized tenant, this offering presents a compelling opportunity for investors seeking dependable income with minimal management requirements.​

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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.