Planet Fitness

Available as a Portfolio or Individually – Investors have the flexibility to acquire the asset as part of a larger portfolio or as a standalone investment.
Prime Position in the Booming Emory Road Retail Corridor – Strategically located along the heavily traveled East Emory Road corridor with signalized access and more than 27,000 vehicles per day, offering exceptional visibility and convenient access to Interstate 75 within one of North Knoxville’s premier retail destinations.
Located in One of Tennessee’s Fastest-Growing Markets – Situated in Knox County, Tennessee’s third-largest county with a population exceeding 500,000 residents. The county has experienced 7.4% population growth over the past five years and boasts average household incomes of approximately $104,460, supporting continued economic and residential expansion.
Surrounded by Major National Retailers – Positioned among a strong concentration of national brands, including Walmart Supercenter, Kroger, Lowe’s, Food City, Chick-fil-A, Subway, McDonald’s, and Taco Bell, creating a highly active retail environment with consistent consumer traffic.
Affluent and Family-Oriented Trade Area – Located within a growing residential community supported by strong schools, established neighborhoods, and an increasing concentration of dual-income households, driving long-term demand for health, wellness, and service-oriented retail uses.
Benefiting from the University of Tennessee’s Economic Influence – Located within the Knoxville MSA, the property benefits from the presence of the University of Tennessee, which enrolls more than 40,000 students and contributes significant year-round consumer spending and economic activity.
Excellent Regional Connectivity – Immediate access to Interstate 75, carrying more than 64,000 vehicles per day, provides seamless connectivity to Knoxville’s major employment centers, retail corridors, and surrounding communities.
Long-Term Lease with Built-In Rental Growth – Constructed in 2024, the property requires minimal near-term capital expenditures and features approximately 12 years remaining on the initial lease term through August 24, 2038. The lease includes 10% rental increases every five years, two five-year renewal options, and a guaranty from ECP-PF: TN Operations, LLC

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Hutt Cooke