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Anytime Fitness NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

Anytime Fitness NNN Properties, Anytime Fitness Ground Lease Properties, Anytime Fitness net lease, Anytime Fitness cap rates, Anytime Fitness lease terms, Anytime Fitness tenant credit, Anytime Fitness real estate, 1031 exchange, NNN properties, ground lease properties

Last Year Cap

6.5%

This Year Cap

6.8%

Cap Change

0.3%

Anytime Fitness – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate
1031 Exchange
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Credit (what net-lease buyers care about)

Credit Snapshot

Anytime Fitness

Cap Rates NNN
Last Year 6.5%
This Year 6.8%
Change 0.3%
S&P Rating CREDIT
Last Year
This Year
Change

Anytime Fitness Net Lease: Secure, Essential Investment

Anytime Fitness is a well-established fitness brand with a large network of franchised locations across the United States. For NNN investors, Anytime Fitness properties can offer exposure to service-oriented retail real estate supported by recurring membership demand and established local trade areas.

Investors evaluating Anytime Fitness properties typically focus on cap rates, lease terms, tenant credit, property location, lease structure, and long-term cash-flow potential.

Investors often target Anytime Fitness assets for:

  • Stable Income Potential
  • Established Fitness Brand
  • Strong Local Membership Demand
  • Strategic Retail Locations

Anytime Fitness Ground Lease Properties for 1031 Exchange Buyers

Anytime Fitness Ground Lease Properties can trade differently from fee-simple properties because the investor owns the land while the tenant operates under a long-term ground lease. Buyers should carefully evaluate lease structure, remaining term, renewal options, rent increases, landlord obligations, and reversion rights to understand the property’s long-term risk and return potential. Anytime Fitness ground lease investments may appeal to buyers seeking long-term income with reduced building ownership responsibilities.

anytime fitness Investment Market Statistics

AVERAGE SALE PRICE

$1,347,744

BUILDING SIZE

5,141 – 8,000 SF

AVERAGE NOI

$99,241

LAND

0.80 – 1.50 acres

$/SF RANGE

$173 – $262

LEASE TERM SHOWN

14 years

Anytime Fitness Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded in 2002 in Cambridge, Minnesota
  • Expanded through a franchise-based business model
  • Opened its first international location in Canada in 2005
  • Reached 1,000 locations in 2009
  • Expanded to all seven continents
  • Built a global fitness franchise network

 

Where Anytime Fitness Stands Today

  • 5,200+ locations worldwide
  • Presence across 40+ countries and territories
  • More than 5 million members
  • 24/7 gym access and convenient neighborhood locations
  • Flexible small-format fitness model
  • Continued global franchise expansion

 

Where Anytime Fitness Stands Today

  • Strong global brand recognition
  • Franchise model supports continued expansion
  • Locations typically target high-traffic, high-visibility areas
  • Ideal club size is approximately 4,000–6,500 SF
  • Serves urban, suburban, and rural markets

Why investors buy Anytime Fitness NNN Properties or Anytime Fitness ground Lease Properties?

Pros (what buyers like)

  • Established Franchise Brand
    Anytime Fitness has operated since 2002 and has grown to more than 5,000 franchise locations globally.
  • Essential Fitness Use
    Gyms can provide recurring, membership-based demand and serve an ongoing health and wellness need.
  • Convenient Locations
    Neighborhood locations support easy member access.
  • 24/7 Access
    Round-the-clock access supports flexible member usage.

Cons (what can bite you)

  • Franchisee Credit Risk
    Individual locations are franchise-operated, so tenant financial strength can vary.
  • Lease Structure Variability
    Some properties may have NN or modified NNN leases with landlord responsibilities.
  • Local Competition
    Nearby gyms and fitness studios can affect location-level performance.
  • Re-Tenanting Challenges
    Gym-specific layouts may require costly conversion if the tenant leaves.

Find out more

Anytime Fitness NNN Properties, Anytime Fitness Ground Lease Properties, Anytime Fitness net lease, Anytime Fitness cap rates, Anytime Fitness lease terms, Anytime Fitness tenant credit, Anytime Fitness real estate, 1031 exchange, NNN properties, ground lease properties

Anytime Fitness Background & History

Anytime Fitness is a global fitness franchise brand founded in 2002 in Cambridge, Minnesota. The company grew through a franchise-based model, expanding from its first club into a large international network of fitness facilities.

The brand is known for its convenient neighborhood locations and 24/7 member access. Over time, Anytime Fitness expanded its presence across the United States and internationally, building a recognizable fitness brand focused on accessibility, personal training, and member convenience.

Today, Anytime Fitness operates thousands of locations across numerous countries and territories, serving millions of members through its franchise network. Its smaller-format club model allows locations to serve a range of urban, suburban, and local trade areas.

Why Anytime Fitness Matters to NNN Investors

Anytime Fitness can be relevant to NNN investors because fitness facilities can provide recurring membership-based demand and long-term commercial use. The brand’s franchise model also creates opportunities for investors to evaluate individual properties based on the strength of the location, lease structure, and franchisee.

Many Anytime Fitness properties are positioned in established neighborhood and commercial trade areas, where convenient access, visibility, parking, and surrounding population density can support ongoing member demand.

For investors, the real estate can be just as important as the fitness brand. A well-located property with a long-term NNN lease, strong tenant or guarantor, and market-supported rent may offer attractive long-term income potential.

What Buyers and Sellers Should Evaluate

For investors evaluating an Anytime Fitness NNN property, Anytime Fitness net lease, or Anytime Fitness ground lease, the investment thesis should focus on the property and lease fundamentals rather than brand recognition alone.

Common considerations include Anytime Fitness real estate, Anytime Fitness cap rates, Anytime Fitness lease terms, tenant or franchisee credit, rent escalations, remaining lease term, and landlord responsibilities.

Buyers should evaluate the property’s visibility, access, parking, surrounding demographics, local competition, building condition, and potential alternative uses. The lease should also be reviewed carefully to determine whether it is absolute NNN, NNN, or modified NNN.

Corporate vs. Franchise | Store Count

Anytime Fitness operates primarily through a franchise-based model, with individual clubs owned and operated by franchisees. For NNN and ground lease investors, this means the strength of the actual lease guarantor and operating entity should be evaluated rather than relying only on the national brand. With a large network of fitness locations across the U.S. and internationally, location quality, franchisee strength, and lease structure are important factors when evaluating an individual property.

Anytime Fitness Financial Snapshot

Anytime Fitness is a well-established fitness franchise brand supported by recurring membership revenue and a broad network of independently operated clubs. For net lease investors, the financial strength of the specific franchisee and lease guarantor is particularly important. Buyers should review rent coverage, operating performance, lease guarantees, remaining lease term, and escalation provisions when assessing long-term income stability.

Anytime Fitness Lease Types

Anytime Fitness properties may be structured as NN, NNN, or modified NNN leases, depending on the specific property and transaction. Lease structures can vary significantly in terms of landlord responsibilities, rent escalations, renewal options, guarantees, and remaining lease term. Some properties may require the landlord to cover certain roof, structure, exterior, or maintenance expenses, while others may offer a more passive NNN structure. For investors evaluating an Anytime Fitness net lease, NNN property, or ground lease, it is important to review the complete lease agreement and understand exactly which expenses remain with the landlord and which are passed through to the tenant.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing Anytime Fitness ground lease properties or fee simple Anytime Fitness assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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