1912 Larkin Rd - Retail FOR SALE


Tifton, GA 31793
$3,013,000 USD
805-570-7430
1912 Larkin Rd, Tifton, GA for Sale
$3,013,000 USD
Retail - FOR SALE
1/6
null | 7% Cap Rate

1912 Larkin Rd
Tifton, GA 31793


HIGHLIGHTS

  • Long-Term NNN Lease w/ New Roof
  • One of the Largest Growing Planet Fitness Franchisees
  • Retail Hub Location w/ Excellent Highway Access

OVERVIEW

The NNN Fitness group at Marcus & Millichap is pleased to bring to market a Planet Fitness in Tifton, Georgia, backed by a long-term NNN lease and operated by Taymax Group—one of the largest and fastest-growing Planet Fitness franchisees with 150+ locations across North America. With a household income over $92,000 within one mile and recognition as the top fitness center within a 15-mile radius, this offering represents a stable, passive investment in a growing Southeastern market. Strategically located at 1912 Larkin Road on a 3.24-acre parcel, this 21,555-square-foot facility was built in 2018 and features ±130 parking spaces. A new roof was installed in 2023, and the tenant recently extended their lease through 2032, demonstrating their commitment to the site. The lease includes three 5-year renewal options and 10% rent increases every five years. Positioned near the confluence of U.S. Highway 82, Carpenter Road, and I-75 (combined traffic count exceeding 85,000 VPD), the property sits within Tifton’s primary commercial corridor. Surrounding national retailers include Walmart, Lowe’s, Hobby Lobby, Chick-fil-A, Starbucks, and the nearby 272,000 SF Tifton Mall anchored by AMC and Belk.

FOR SALE DETAILS

PRICE

$3,013,000 USD

PRICE/SF

$1,440 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Planet Fitness | Tifton, GA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

130

LAND DETAILS

LAND ACRES

3.24 AC

LAND SF

141,134 SF

ZONING

-

APN/PARCEL ID

0047C-026

ASK ABOUT THIS PROPERTY

Mark ThielMarcus & MillichapMore Info
805-570-7430

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Mark ThielMarcus & MillichapMore Info
805-570-7430

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