The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant absolute NNN Planet Fitness in Lakewood, OH. Planet Fitness (NYSE: PLNT) is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States, with over 2,700 locations and over 19.6 million members. The subject property is operated by National Fitness Partners, one of the largest franchisees within the Planet Fitness system, and operates over 200 Fitness clubs and employs over 2,400 team members. Planet Fitness has signed a brand new 12-year absolute NNN lease and just renovated the building. The lease has two 6-year option periods, strong rent increases, and zero landlord responsibilities. The 11,325 SF building is positioned on the hard corner signalized intersection of Detroit Avenue and Woodward Avenue. Three high schools are in close proximity to the property, including Lakewood High School, St Edward High School, and Rocky River High School. The upscale trade area is densely populated, with over 210,000 people living within a 5-mile radius. Nearby retailers include Whole Foods, Heinen’s Grocery Store, McDonald’s, Raising Cane’s, Panera Bread, Starbucks, Chipotle, Giant Eagle Supermarket, Chase Bank, CVS Pharmacy, and more.