Planet Fitness NNN

• ​PLANET FITNESS (NYSE: PLNT) | 2,900+ LOCATIONS | LARGEST GYM OPERATOR IN U.S. • 20+ Million members; Founded in 1992 • Record $1.32 Billion revenue in 2025; 12% Year over Year increase • Same-Club sales increased 6.7% in 2025
• ​LONG TERM 15 YEAR NNN LEASE | TENANT IS HIGHLY INVESTED IN LOCATION • Planet Fitness signed an initial 15-year lease term with 9 years of term remaining • Much of the buildout expenses were paid for by Planet Fitness • The long-term lease and tenant buildout contributions show a strong commitment to this location
• ​EXPLOSIVE U.S. GROWTH WITH 181 CLUB OPENINGS IN 2025 | 180 PLANNED 2026 OPENINGS • Planet Fitness is meeting the need of consumers better than anybody in the gym/health club industry • Their alternative pricing plan has helped propel growth to levels not seen by the fitness industry • The smaller footprint of Planet Fitness has enabled them to more effectively pursue and win new sites in the best locations where the larger gym formats are unable to compete
• ​GROWING INCOME STREAM | 15% RENT INCREASE OVER NEXT 6 YEARS • Rent bumps in May 2029 and May 2032 offer potential value appreciation • Offers an investor above market rental increases for Credit STNL investment • Offers a hedge against inflation, thereby helping to preserve value of the investment
• ​HOME TO CAL ST NORTHRIDGE | 38K STUDENTS | RANKED #2 PUBLIC UNIV IN CA BY WSJ • With 38,000 students and 4,000 employees, CSUN is the area's major economic driver • Within a 2-mile radius of CSUN, Planet Fitness is ideally positioned to benefit from a student population known for their gym patronage • Rare opportunity to purchase a credit investment in an area seeing strong population growth
• ​LOCATED AT HARD CORNER INTERSECTION | STRONG TRAFFIC COUNTS OF 67,200 VPD • Located at one of the highest-trafficked intersections in the trade area • Planet Fitness benefits from unsurpassed visibility and identity • High intrinsic value location providing Planet Fitness a noteworthy presence in the market • Center-of-Town shopping experience with retailers who drive strong daily customer visits
• ​OPTIMAL WELL-POPULATED TRADE AREA WITH STRONG HOUSEHOLD INCOME • With AHHI of $140,021 within a 1-mile radius, consumers in the trade have a high level of discretionary income to support Planet Fitness • The well-populated trade area featuring 280,246 and 691,224 residents within a 3 and 5-mile radius respectively
• ​RECENT CAPITAL EXPENDITURES INCLUDE NEW ROOF AND HVAC • A new roof and HVAC were installed in 2021 • When major building systems are early in life, it allows for a much more reliable income stream • Enhances property value and promotes a stronger landlord/tenant relationship
• ​MAJOR EMPLOYERS WITHIN 2 MILES INCLUDE ANHEUSER-BUSCH, NORTHRUP GRUMMAN, AMAZON • The large daytime employment provides a "captive" consumer base heavily sought-after by gym operators • The close proximity of Planet Fitness to these employers provides a convenient workout experience • The strategic location gives Planet Fitness an important competitive advantage over its competitors
• ​EASE OF MANAGEMENT NNN LEASE | TENANT PAYS CAM DIRECTLY • Provides an ideal ownership experience for the passive investor • The major capital expenditures typically associated with roof and HVAC have been paid for in the past several years • Ease of management single tenant investments continue to see the strongest investor demand in the commercial real estate industry

Faris Lee Investments is pleased to offer a prime Southern California STNL investment leased to Planet Fitness (NYSE:PLNT).​ With more than 2,900 locations, Planet Fitness is the largest gym operator in the U.​S.​ In 2025, Planet Fitness generated a record revenue of $1.32 Billion helped by 12% year over year sales growth.​ In the current term, the lease has 2 rent bumps over the next 6 years equating to a 15% rent increase.​ The lease terms offer investors above market rent increases providing increasing NOI and a realistic opportunity for value appreciation.​ The NNN lease structure makes this an ideal investment for the investor seeking passive income without the obligation of maintaining and managing the property.​ Planet Fitness pays all CAM expense directly giving the property owner a true hands-off investment.​ With Planet Fitness having opened 181 stores in 2025 with another 180 planned openings in 2026, they are best-positioned of any gym operator to meet the consumer demand in a changing health and fitness industry.​

Planet Fitness benefits from being located within 2 miles from major employers Anheuser-Busch, Northrup Grumman, and Amazon.​ Cal State Northridge with 38,000 students and 4,000 employees is also within 2 miles and these employers and the university provide a valuable captive and young consumer base for Planet Fitness to serve.​ With a $140,022 AHHI within a 1-mile radius and 280,246 residents within a 5-mile radius, this is an optimal trade area for Planet Fitness as it provides a high level of discretionary income over a large population base.​ The combination of having the leading gym operator serving a vibrant and proven trade area in one investment is an opportunity to acquire one of the healthiest investments on the market today.​