Listing Agency: Atlantic Retail - Corporate e***@atlanticretail.com Show Phone

Listed By: David Hoppe Show Phone

Source: Moodyscre

Added: Feb 7, 2025 Changed: Jul 6 Last Checked: Aug 7 at 7:10AM

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Investment Insights

Based on property information with market context.

This 17,450 square foot freestanding building is leased to Planet Fitness on a 15-year lease that commenced 6/1/2019. The property is a top-performing location in Rhode Island and is ranked in the 8th percentile of gyms across the country. The lease includes two, five-year options with $1 per square foot increases every five years. Currently, Planet Fitness is paying $226,850 annually. The property is located within the Dowling Village Shopping Center, which includes national retailers such as Walmart, Lowe’s, PetSmart, Kohl’s, and Aldi. Situated at 16 Dowling Village Boulevard, the property is positioned amongst the main retail node of North Smithfield, approximately 12 miles north of Providence. The property sits along Route 146A (Eddie Dowling Highway), which sees 23,439 vehicles per day and is the main highway connecting Providence with its northern suburbs.

Key Highlights

• Top‑performing Planet Fitness location in Rhode Island, ranking in the 8th percentile nationally.
• Freestanding 17,450 SF single‑tenant building leased to Planet Fitness on a 15‑year lease commenced 6/1/2019.
• Located within Dowling Village Shopping Center, alongside national retailers like Walmart, Lowe’s, PetSmart, Kohl’s, and Aldi.

Property Analytics

Property Profile

Current Use

Planet Fitness Gym & Fitness Center

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Dental Office Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

309

Businesses Nearby

Well-served

Demand for This Use

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Similar Off Market Nearby

• Haven & Harmony — 585 Smithfield Rd, North Smithfield, RI 02896
• Burn With Kearns — 40 old louisquisset pike, north smithfield, ri 02896

Frequently Asked Questions

What type of property is this?

Fitness center & gym - Freestanding Planet Fitness in Dowling Village Shopping Center for sale.

Where is this fitness center & gym located?

The property is located at 16 Dowling Village Blvd N Smithfield, RI.

What are key features of this property?

This property features: Top‑performing Planet Fitness location in Rhode Island, ranking in the 8th percentile nationally.; Freestanding 17,450 SF single‑tenant building leased to Planet Fitness on a 15‑year lease commenced 6/1/2019.; Located within Dowling Village Shopping Center, alongside national retailers like Walmart, Lowe’s, PetSmart, Kohl’s, and Aldi.