Net-Leased Fitness
For Sale
$8,656,670
16930 Parthenia St, Northridge, CA 91343
Single-tenant net-leased fitness property is leased to Planet Fitness, with CAM expenses paid by the tenant.
Property Size17,633 SF
Days on Market120
Property Features for 16930 Parthenia St
General Information
Standard status
Active
Size
17,633 SF
Property subtype
Retail
Building Details
Building Size
17,633 SF
Year Built
1963
Tenancy
Single
Listing Agency:
Faris Lee Investments
Listed By:
Shaun Riley · License #CalDRE #01165160
(714) 608-3416
Source:
Farislee
Added: May 8
Changed: Aug 31
Last Checked: Sep 4 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
Investment Insights
Based on property information with market context.
Single-tenant, net-leased fitness property offered for sale, leased to Planet Fitness. The current lease term includes two scheduled rent increases over the next six years, resulting in an overall 15% rent increase. The property is set up as an NNN structure, and Planet Fitness pays CAM expenses directly, shifting those operating cost responsibilities away from the owner.
Planet Fitness operates more than 2,900 locations nationwide. In the current offering, the tenant’s corporate scale is supported by record 2025 revenue reported at $1.32 billion and 12% year-over-year sales growth.
The subject property totals 17,633 square feet and is located within two miles of major employers including Anheuser-Busch, Northrop Grumman, and Amazon, with California State University, Northridge also within two miles. The provided materials describe the surrounding area as an established trade area for Planet Fitness.
Planet Fitness operates more than 2,900 locations nationwide. In the current offering, the tenant’s corporate scale is supported by record 2025 revenue reported at $1.32 billion and 12% year-over-year sales growth.
The subject property totals 17,633 square feet and is located within two miles of major employers including Anheuser-Busch, Northrop Grumman, and Amazon, with California State University, Northridge also within two miles. The provided materials describe the surrounding area as an established trade area for Planet Fitness.
Key Highlights
- Single‑tenant net‑leased fitness property built in 1963, leased to Planet Fitness (NYSE:PLNT).
- NNN lease structure: Planet Fitness pays CAM expenses directly for a hands‑off ownership model.
- Lease includes 2 rent bumps over the next 6 years, totaling a 15% rent increase.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
714
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91343, CA
62,595
Population
18,891
Households
3.3
Avg Household Size
36
Median Age
26%
College-Educated
77%
High-School Grad
5.9 sq mi
ZIP Area
10,609
Density / Sq Mi
$81,719
Median Household Income
$37,266
Median Earnings
$1,796
Median Rent
$751,000
Median Home Value
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Similar Off Market Nearby
- LetsBangBoxing FitnessAcademy Inc. — 8700 Woodley Ave, North Hills, CA 91343
- All Valley Boxing — 8700 Woodley Ave, North Hills, CA 91343
- Get Vitality — 15900 Acre St, North Hills, CA 91343
- USA Fitness Center/Outdoor Gym - North Hills — 8759 Sepulveda Blvd, North Hills, CA 91343
- Speakeasy Fitness - North Hills — 8759 Sepulveda Blvd, North Hills, CA 91343
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Single-tenant net-leased fitness property is leased to Planet Fitness, with CAM expenses paid by the tenant.
Where is this fitness center & gym located?
The property is located at 16930 Parthenia St Northridge, CA.
What is the asking price?
The asking price for this property is $8,656,670.
What are key features of this property?
This property features: Single‑tenant net‑leased fitness property built in 1963, leased to Planet Fitness (NYSE:PLNT).; NNN lease structure: Planet Fitness pays CAM expenses directly for a hands‑off ownership model.; Lease includes 2 rent bumps over the next 6 years, totaling a 15% rent increase.
