Anytime Fitness NNN Property Lease: Pros, Cons, and History

Anytime Fitness

Interested in selling your Anytime Fitness NNN property or Anytime Fitness ground lease property and was wondering what you can get for it in today’s changing market?

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Number of locations

As of recent years, Anytime Fitness operates over 5,000 gyms worldwide, with approximately 3,000+ locations in the United States. The brand has a strong national and international presence across North America, Europe, Asia, and Australia, making it one of the largest fitness franchises globally.

Revenue and income

Anytime Fitness is a privately held company and does not publicly disclose its total revenue or net income. Financial performance is reported at the franchise and system-wide level rather than through publicly available financial statements.

Future plans

Anytime Fitness plans to continue expanding both domestically and internationally, with a focus on smaller-format gyms, flexible memberships, and digital fitness solutions. The brand continues to invest in technology-driven workouts, mobile apps, and 24/7 access models to enhance member convenience and engagement.

Corporate vs. franchise

Anytime Fitness operates primarily under a franchise model, with the vast majority of locations owned and operated by independent franchisees. Franchisees typically pay an initial franchise fee along with ongoing royalty and marketing fees, while benefiting from brand support, training, and national marketing programs.

Additional information – Anytime Fitness Properties

Anytime Fitness was founded in 2002 in Cambridge, Minnesota.
The brand is known for its 24/7 access model, allowing members to use gyms at any time with secure key fob entry.
Anytime Fitness focuses on convenience-based fitness, offering smaller, neighborhood gyms with strength and cardio equipment.
Anytime Fitness is privately held and headquartered in Woodbury, Minnesota.

Anytime Fitness History

Anytime Fitness was founded in 2002 in Cambridge, Minnesota, with the goal of providing convenient and accessible fitness options for people with busy lifestyles. The brand introduced a 24/7 gym access model, allowing members to work out at any time using secure key fob entry. Over the years, Anytime Fitness expanded rapidly through franchising, growing from a single club into one of the largest fitness chains in the world. Its focus on neighborhood-based gyms, simplicity, and member convenience has driven sustained growth and global recognition. Today, Anytime Fitness operates thousands of locations worldwide and continues to evolve by integrating technology, coaching, and flexible fitness solutions to meet changing consumer needs.

Why Invest in Ground Lease and NNN Lease of Anytime Fitness?

Investing in Anytime Fitness ground lease and triple net (NNN) lease properties offers several compelling advantages for long-term real estate investors:

1) Anytime Fitness NNN Property Investment: Stable income

Anytime Fitness operates in the essential fitness and wellness sector, benefiting from recurring membership revenue that supports consistent and predictable rental income under ground and NNN lease structures.

2) Anytime Fitness NNN Property Investment: Established global tenant

As one of the largest fitness brands in the world, Anytime Fitness has a strong operating history and global recognition, which helps reduce vacancy risk and provides long-term tenant stability.

3) Anytime Fitness NNN Property Investment: Low management responsibility

Under ground lease and NNN lease arrangements, the tenant is typically responsible for maintenance, property taxes, and insurance, allowing landlords to enjoy passive ownership with minimal oversight.

4) Anytime Fitness NNN Property Investment: Favorable lease terms

Anytime Fitness locations often feature long-term leases with scheduled rent escalations, offering predictable income growth and inflation protection over the lease term.

5) Anytime Fitness NNN Property Investment: Real estate value

Anytime Fitness gyms are commonly located in high-visibility neighborhood retail centers with strong demographics, supporting long-term property value and potential capital appreciation.

Pros and Cons of Anytime Fitness Ground Lease and NNN Lease Investment

Pros:

Stable income supported by recurring membership revenue from a well-established global fitness brand.
Established tenant with thousands of locations worldwide, helping reduce vacancy and lease default risk.
Minimal management responsibility for landlords under ground lease and NNN structures, as the tenant typically handles taxes, insurance, and maintenance.
Long-term lease agreements provide income stability and the potential for steady rental growth over time.

Cons:

Lease renewal risk exists when the lease term expires if the tenant chooses not to renew.
Tenant performance may be affected by local market competition, membership retention, or changing fitness trends.
Market saturation in certain areas can impact gym profitability and expansion potential.
Limited control over property and operational decisions under NNN and ground lease structures.
General real estate market conditions, interest rate changes, and economic cycles can influence property value and returns.

Thorough due diligence is essential when evaluating Anytime Fitness ground lease and NNN lease investments. Investors should carefully assess location quality, lease structure, tenant strength, and long-term market fundamentals, and consult experienced real estate and financial professionals to ensure alignment with investment objectives and risk tolerance.

MarketWatch: Anytime Fitness