A free-standing Anytime Fitness, 12 years left on an absolute NNN lease.
| Purchase Price | Cap Rate | Year-1 NOI | Lease Term Left | Investor Check |
|---|---|---|---|---|
| $1,320,000 | 8.00% | $105,600 | 12 yrs | $396,000 |
| All-in basis | vs. 6.50% debt | 10% bumps every 5 yrs | 15-yr absolute NNN | 30% down |
Built for long-term, hands-off returns.
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Operator is the #1 Anytime Fitness franchisee.
Bandon Fitness operates 250+ locations and 140,000+ members — recently acquired by Sentinel Capital Partners, one of the most experienced franchising PE investors in the U.S.
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Parent company runs $33.9M in EBITDA.
Bandon Fitness posted $118M in 2024 sales on $33.9M EBITDA — an institutional-grade guarantor behind a $105,600 rent.
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Long-term, secure lease.
12 years remaining on a 15-year absolute net lease. Low landlord responsibilities — stable, hands-off income, fully occupied.
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10% rent bumps every 5 years — next Oct 2027.
Rent steps from $105,600 to $116,160 in late 2027, then $127,776 in 2032 — contractual hedge against inflation, not market-dependent.
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$88K median income in the 5-mile radius.
~15,000 residents in the 5-mile trade area with a median HH income of $88,373 — well above the Iberville Parish average.
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Surrounded by national retailers.
Within a 1-mile radius: Regions Bank, CVS, Subway, Little Caesars, Family Dollar, O'Reilly, AutoZone, Tower Loan, Bealls, and Eatel.
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Open and stabilized in 2022.
Opened post-2022 renovation and is a market driver with an estimated $2.6M in annual store sales — performance is proven, not projected.
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Open and stabilized in 2022.
Opened post-2022 renovation and is a market driver with an estimated $2.6M in annual store sales — performance is proven, not projected.
Bandon Fitness Texas
The #1 Anytime Fitness franchisee , PE-backed by Sentinel Capital Partners.
Founded 2012 and based in Austin, Bandon Fitness Texas operates the largest U.S. portfolio of Anytime Fitness clubs. Acquired by Sentinel Capital Partners in July 2022 — one of the most experienced consumer / franchise PE investors in the U.S.
- ✓Largest U.S. operator of Anytime Fitness clubs — 250+ locations across the country.
- ✓Backed by Sentinel Capital Partners , an experienced multi-unit franchise PE investor.
- ✓Corporate guaranty on an absolute NNN lease — landlord carries no operating obligations.
- ✓National franchise brand with 5,000+ clubs in 50+ countries and proven unit economics.
5,000 SF free-standing, renovated 2022.
Single-tenant on Main Street with surface parking and highway frontage.
Built in 1955, fully renovated in 2022 — new glazing, HVAC, interior fit-out, and signage. Tenant occupies 100% of the building under an absolute NNN lease. No deferred capital. No co-tenants. No landlord work.
| Building SF | Lot Acres | Year Built | Renovated | Lease Type | Lease Term Left |
|---|---|---|---|---|---|
| 5,000 | 0.62 | 1955 | 2022 | Absolute NNN | 12 yrs |
Where this property sits.
| 5-Mile Pop. | ~15,000 |
|---|---|
| 5-Mile Median HHI | $88,000 |
| City Population | ~6,600 |
| Trade Area | Iberville Parish |
| Major Metro | Baton Rouge · 25 min |
Plaquemine is a strategic industrial and service hub in the Baton Rouge metro — anchored by petrochemical, manufacturing, and logistics employers along the Mississippi River. Surrounding national retailers within 1 mile include Regions Bank, CVS, Subway, Little Caesars, Family Dollar, O'Reilly, AutoZone, Tower Loan, and Bealls — a stable, recession-resilient retail node anchored by daily-needs categories.
Projected investor returns.
| Equity Multiple | 2.80x |
|---|---|
| Investor Contribution | $322,500 |
| Cum. Cashflow | $141,235 |
| Loan Paydown | $68,658 |
| Appreciation | $275,985 |
| Tax Benefit3 | $93,758 |
| Total Property Returns | $579,636 |
| Cash-on-Cash + Tax | 14.6% |
| Avg Annual Equity | 55.9% |
| Equity Multiple | 4.08x |
|---|---|
| Investor Contribution | $322,500 |
| Cum. Cashflow | $353,521 |
| Loan Paydown | $162,725 |
| Appreciation | $383,485 |
| Tax Benefit3 | $93,758 |
| Total Property Returns | $993,489 |
| Cash-on-Cash + Tax | 13.9% |
| Avg Annual Equity | 40.8% |
| Closing Cost | Estimate |
|---|---|
| Origination | $9,406 |
| Appraisals & Inspections | $22,500 |
| Legal + Title | $16,000 |
| Total Closing Costs | $47,906 |
| 2026 · Bonus Depreciation | Yr 1 |
|---|---|
| Top Range | $340,940 |
| Low Range | $194,823 |
| Average — used in model | $267,881 |
FOR A 35% BRACKET: ~$93,758 first-year tax shield on $322,500 in.
| Deal Summary | |
|---|---|
| Purchase Price | $1,075,000 |
| Initial Investment | 30% |
| Down Payment | $322,500 |
| NOI | $84,023 |
| CAP Rate | 7.82% |
| Projected Exit CAP RateEstimated national average at projected exit | 7.00% |
| Lending Assumptions | |
| Stated LTV | 70% |
| Estimated Interest RateSubject to change based on lending market factors | 6.50% |
| Amortization | 25 |
| Term | 5 |
| Bank Loan Amount | $752,500 |
| Investor Contribution Summary | |
| Initial Investment | $322,500 |
| Down Payment AssistanceNot available on 1031 | $0 |
| Total Investor Contribution | $322,500 |
| Investor Down Payment % | |
| Total Investor Contribution | $322,500 |
| Purchase Price | $1,075,000 |
| Investor Down Payment % | 30.0% |
| Debt Service Summary | |
| Annual Bank Mortgage | $60,971 |
| Custom Preferred Dividend | $0 |
| Total Annual Debt Payments | $60,971 |