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Broker

Mark Thiel

Marcus & Millichap
NNN Fitness
Senior Managing Director Investments
  • 10Active Listings
  • $75,732,322Active Volume
  • 3Under Contract
  • $38,624,018Volume
  • 4Closed Transactions
  • $57,304,138Sold Volume

Mark Thiel specializes in the acquisition and disposition of net-leased investments and retail shopping centers throughout the United States. Mark is the founder and creator of NNN Fitness, the market leader in the sale of big box health club properties nationwide. Throughout his career, Mark has closed more than $2 Billion in transaction volume and over five million square feet of retail investment properties across 40+ states. Mark serves as a Senior Director of both the National Retail Group and the Net-Leased Properties Group at Marcus & Millichap where he has ranked among the Top 10 retail and net-lease agents since 2010. With access to the industry’s largest and most powerful sales platform, Mark provides his clients with unsurpassed market knowledge and advisory services. Mark grew up in Lake Tahoe California as an avid outdoorsman and highly competitive multi-sport athlete. A graduate of University of California Santa Barbara, Mark holds a bachelor’s degree in Business & Economics. Mark later went on to study International Economics at Lund University in Sweden. Mark is involved with well-respected organizations such as the International Council of Shopping Centers (ICSC), the Chancellor’s Council at UCSB and the Surfrider Foundation’s San Diego Chapter.

Licensed in: CA
12544 High Bluff Drive, Suite 100 San Diego, California 92130

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1345 East Osceola Parkway, Kissimmee, FL , 34744
  • Size SF42,000
  • Built/Renov2024
  • Price/SF$381
  • Lease Start07-08-2024
  • Rent/SF$24.74
  • Lease Type Abs NNN
  • Lot/AC2.42
  • Pop 5MI235,013

15,986,500

  • Cap Rate 6.50%
  • NOI $1,039,122
  • R. Term/Yrs 14.10
  • Guarantor Corporate
  • # Units 125
  • New construction

  • Build to suit

  • High traffic 50M+ VPD

  • Trophy location

  • Top 100 MSA

  • New development zone

  • Income tax free state

  • Brand new lease

  • Long 10+ yr lease

  • Corporate Guarantee

  • ...
  • Tenant EoS Fitness
  • Guarantor Corporate
  • #Units 125
  • Stock Private
4701 Lincoln Mall Drive, Matteson, IL , 60443
  • Size SF23,803
  • Built/Renov1980
  • Price/SF$158
  • Lease Start12-01-2022
  • Rent/SF$12.60
  • Lease Type Abs NNN
  • Lot/AC2.20
  • Pop 5MI144,755

3,750,000

  • Cap Rate 8.00%
  • NOI $300,000
  • R. Term/Yrs 10.3
  • Guarantor Corp Rated
  • # Units 800
  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant LA Fitness
  • Guarantor Corp Rated
  • #Units 800
  • Moody's/S&P B2/ B
  • Stock Private
13343 South Cicero Avenue, Crestwood, IL , 60445
  • Size SF15,501
  • Built/Renov2006
  • Price/SF$242
  • Lease Start12-01-2022
  • Rent/SF$19.35
  • Lease Type Abs NNN
  • Lot/AC1.30
  • Pop 5MI282,347

3,750,000

  • Cap Rate 8.00%
  • NOI $300,000
  • R. Term/Yrs 10.9
  • Guarantor Corp Rated
  • # Units 800
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Long 10+ yr lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant LA Fitness
  • Guarantor Corp Rated
  • #Units 800
  • Moody's/S&P B2/ B
  • Stock Private
140 Oakmont Drive, Greenville, NC , 27858
  • Size SF34,000
  • Built/Renov1981
  • Price/SF$131
  • Lease Start03-01-2017
  • Rent/SF$13.02
  • Lease Type Abs NNN
  • Lot/AC4.21
  • Pop 5MI112,765

4,442,800

  • Cap Rate 9.97%
  • NOI $442,800
  • R. Term/Yrs 2.5
  • Guarantor Corporate
  • # Units 43
  • Recent renovation

  • Build to suit

  • New roof

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Dense 100M+ pop 5 mi

  • Long operation history

  • Absolute NNN

  • Corporate Guarantee

  • ...
  • Tenant Fitness Connection
  • Guarantor Corporate
  • #Units 43
  • Stock Private
2747 East 5th Street, Tyler, TX , 75701
  • Size SF22,800
  • Built/Renov1990
  • Price/SF$138
  • Lease Start05-01-2024
  • Rent/SF$9.00
  • Lease Type NN+
  • Lot/AC3.70
  • Pop 5MI105,209

3,156,000

  • Cap Rate 6.50%
  • NOI $205,200
  • R. Term/Yrs 6.7
  • Guarantor Franchisee
  • # Units 150
  • Signalized intersection

  • Hard corner intersection

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Major MSA

  • Income tax free state

  • Recently extended lease

  • Favorable NN+ lease

  • 100+ unit franchisee backed

  • ...
  • Tenant Planet Fitness
  • Guarantor Franchisee
  • #Units 150
  • Stock NYSE: PLNT
6500 Old Denton Road, Fort Worth, TX , 76131
  • Size SF36,000
  • Built/Renov2007
  • Price/SF$243
  • Lease Start04-01-2022
  • Rent/SF$19.41
  • Lease Type Double NN
  • Lot/AC4.76
  • Pop 5MI286,709

8,734,350

  • Cap Rate 8.00%
  • NOI $698,748
  • R. Term/Yrs 7.6
  • Guarantor Corp R + T
  • # Units 287
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway close

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • 24 hour store

  • Corporate Guarantee

  • Publicly traded company

  • ...
  • Tenant 24 Hour Fitness
  • Guarantor Corp T and Rated
  • #Units 287
  • Stock NYSE: RITM
4106 South Western Avenue, Oklahoma City, OK , 73109
  • Size SF50,326
  • Built/Renov2019
  • Price/SF$165
  • Lease Start10-05-2019
  • Rent/SF$11.91
  • Lease Type Double NN
  • Lot/AC6.49
  • Pop 5MI217,458

8,320,786

  • Cap Rate 7.21%
  • NOI $599,534
  • R. Term/Yrs 10.2
  • Guarantor Corporate
  • # Units 53
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Hospital close

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Long 10+ yr lease

  • Top performing store

  • Corporate Guarantee

  • ...
  • Tenant VASA Fitness
  • Guarantor Corporate
  • #Units 53
  • Stock Private
1301 East Belt Line Road, Richardson, TX , 75081
  • Size SF26,120
  • Built/Renov2015
  • Price/SF$173
  • Lease Start01-01-2024
  • Rent/SF$12.11
  • Lease Type NN+
  • Lot/AC3.43
  • Pop 5MI351,031

4,518,000

  • Cap Rate 7.00%
  • NOI $316,260
  • R. Term/Yrs 10.3
  • Guarantor Corporate
  • # Units 200
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Brand new lease

  • Favorable NN+ lease

  • Corporate Guarantee

  • ...
  • Tenant Retro Fitness
  • Guarantor Corporate
  • #Units 200
  • Stock Private
19550 Restaurant Row, Houston, TX , 77084
  • Size SF45,000
  • Built/Renov2005
  • Price/SF$259
  • Lease Start11-01-2020
  • Rent/SF$18.15
  • Lease Type Abs NNN
  • Lot/AC3.78
  • Pop 5MI263,512

11,667,857

  • Cap Rate 7.00%
  • NOI $816,750
  • R. Term/Yrs 11.1
  • Guarantor Corp Rated
  • # Units 800
  • Build to suit

  • Dense retail corridor

  • Near major nationals

  • Freeway visibility

  • Top 100 MSA

  • Strong demographics

  • Income tax free state

  • Long 10+ yr lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant LA Fitness
  • Guarantor Corp Rated
  • #Units 800
  • Moody's/S&P B2/ B
  • Stock Private
2642 North 2000 West, Clinton, UT , 84015
  • Size SF50,000
  • Built/Renov2018
  • Price/SF$228
  • Lease Start02-14-2018
  • Rent/SF$15.40
  • Lease Type NN+
  • Lot/AC3.86
  • Pop 5MI174,516

11,406,029

  • Cap Rate 6.75%
  • NOI $769,907
  • R. Term/Yrs 8.5
  • Guarantor Corporate
  • # Units 53
  • Major thoroughfare

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Strong demographics

  • Affluent suburb location

  • Favorable NN+ lease

  • Corporate Guarantee

  • ...
  • Tenant VASA Fitness
  • Guarantor Corporate
  • #Units 53
  • Stock Private

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