Stan Johnson Company Announces Sale of Planet Fitness Anchored Shopping Center in Enterprise, Alabama for $3.2 Million

Puckett-Planet Fitness-AL

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of 913 Rucker Boulevard in Enterprise, Alabama. The 54,500-square-foot shopping center is anchored by Planet Fitness and features seven additional tenants. Stan Johnson Company’s Brett Puckett represented the seller, a Mississippi-based private investor. The buyer, an individual investor based in New Hampshire, acquired the asset for $3.2 million.

“This was our third Planet Fitness anchored center sold since July, and the second in the past month to go under contract before it ever hit the open market,” said Puckett, Associate in Stan Johnson Company’s Cincinnati, Ohio office. “Even though the property sits on a ground lease in a tertiary Alabama market, the strength and standing of Planet Fitness in the investment world made this a desirable asset. We were yet again blessed to have a buyer and seller who were committed to integrity and character, both walking away satisfied from the closed deal.”

Located two hours south of Montgomery, Alabama in the southeast part of the state, the property was originally built in 1973 on 9.0 acres. At the time of sale, the shopping center was 78 percent leased.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.