Net-Leased Fitness
16930 Parthenia St Northridge, CA 91343
16930 Parthenia St, Northridge, CA, 91343
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For Sale
Contact for pricing
Single-tenant net-leased fitness property is leased to Planet Fitness, with CAM expenses paid by the tenant.
Property Size17,633 SF
Price / SF$490.94
Days on Market77
Property Features for 16930 Parthenia St
General Information
- Standard status
- Active
- Size
- 17,633 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1963
Listing agency
Faris Lee Investments
(949) 221-1807
Listed by
Marketing FarisLee · License #0000
Source
Crexi
Added: May 6 Updated: Jul 20 at 9:17PM Checked: Jul 21 at 5:12AM
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
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
Similar For Sale Nearby
Similar Off Market Nearby
- USA Fitness Center/Outdoor Gym - North Hills — 8759 Sepulveda Blvd, North Hills, CA 91343
- Get Vitality — 15900 Acre St, North Hills, CA 91343
- All Valley Boxing — 8700 Woodley Ave, North Hills, CA 91343
- LetsBangBoxing FitnessAcademy Inc. — 8700 Woodley Ave, North Hills, CA 91343
- Speakeasy Fitness - North Hills — 8759 Sepulveda Blvd, North Hills, CA 91343
FAQs
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.
