1232 S Castle Dome Ave - Storefront CONDO FOR SALE


Yuma, AZ 85365
$3,352,000 USD
949-221-1824
1232 S Castle Dome Ave, Yuma, AZ for Sale
$3,352,000 USD
Storefront CONDO - FOR SALE
1/8
null | 7.25% Cap Rate

1232 S Castle Dome Ave
Yuma, AZ 85365


HIGHLIGHTS

  • Planet Fitness (NYSE: PLNT) 2,900 Locations | Largest Gym Operator in the U.S
  • Immediate Upside with 8% Rent Increase in August 2027 Increases Cap Rate to 7.85%
  • Highly Trafficked Regional Retail Hub Location Serving the Trade Area Part of Las Palmillas Center.
  • 8 Freeway Visibility With Top Panel Signages On Freeway Pylon Sign 50,000 Vehicles Per Day

OVERVIEW

Faris Lee Investments is pleased to offer a single tenant net-leased Planet Fitness (NYSE: PLNT), the largest gym operator in the U.S., with over 2,900 locations and a membership base exceeding 20 million. Planet Fitness is coming off a record-breaking 2025, generating $1.32 Billion in revenue, a 12% year-over-year increase, and a 6.7% rise in same-club sales. This specific store is operated by United FP TOM LLC, one of the largest franchisees in the system with over 190 locations across 14 states, providing a strong, seasoned operator & lease guarantee. Investors benefit from immediate upside via a scheduled 8% rent increase in August 2027 that elevates the Cap Rate to 7.85%. The strength of this location is further evidenced by the tenant exercising a 5-year renewal early, leaving 6 years of firm term remaining at a site Planet Fitness has successfully operated since 2012.

FOR SALE DETAILS

PRICE

$3,352,000 USD

PRICE/SF

$165 USD /SF

CAP RATE

7.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

139,187 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

781

LAND DETAILS

LAND ACRES

15.88 AC

LAND SF

691,733 SF

ZONING

C-2

APN/PARCEL ID

665-22-003

ASK ABOUT THIS PROPERTY

Chris DePierroFaris Lee InvestmentsMore Info
949-221-1824

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Chris DePierroFaris Lee InvestmentsMore Info
949-221-1824

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.