- For Sale $5,000,000
- Property Type Retail
- Property Size 22,336 SF
- Lot Size 1.89 Acre
- Cap Rate % 5.8
- Year Built 1989
- Year Renovated 2018
- Date Updated Mar 13, 2026
Description
The offering is a 22,336 SF single tenant Planet Fitness located within the Westgate South Shopping Center in Tacoma, Washington. This opportunity benefits from a newly renewed lease with one of the largest Planet Fitness franchisees in the country. The property is 100% leased to an 80+ unit franchisee of Planet Fitness, one of the largest in the country. The building has been significantly upgraded with new HVAC, upgraded electrical, plumbing and gas, a new roof and more. The existing lease is well-positioned to provide for both stability and opportunity for the existing tenant, as well as stable income and a strong guarantor for the investor/landlord.
Contact Brokers for NDA and complete Offering Memorandum.
Westgate South is a prime lifestyle center anchored by Planet Fitness and coming soon, the Picklr Premium Indoor Pickleball Courts, one of the fastest growing brands in the fastest growing sector, in the Proctor District of Tacoma, Washington known for its vibrant community atmosphere.
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Contacts
West Coast Commercial Realty LLC
West Coast Commercial Realty LLC