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Broker

Mark Thiel

Marcus & Millichap
NNN Fitness
Senior Managing Director Investments
  • 7Active Listings
  • $95,291,172Active Volume
  • 5Under Contract
  • $23,833,150Volume
  • 8Closed Transactions
  • $103,803,156Sold 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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4900 West University Drive, Prosper, TX , 75078
  • Size SF37,000
  • Built/Renov2022
  • Price/SF$347
  • Lease Start12-29-2022
  • Rent/SF$19.98
  • Lease Type Abs NNN
  • Lot/AC4.08
  • Pop 5MI176,188

12,855,000

  • Cap Rate 5.75%
  • NOI $739,260
  • R. Term/Yrs 13.1
  • Guarantor Corp Rated
  • # Units 800
  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Highway location

  • Dense 100M+ pop 5 mi

  • Top 100 MSA

  • Affluent AHHI $100K 5 Mi

  • New development zone

  • Income tax free state

  • Credit rated company

  • ...
  • Tenant LA Fitness
  • Guarantor Corp Rated
  • #Units 800
  • Moody's/S&P B2/ B
  • Stock Private
8438 Elk Grove Florin Road, Elk Grove, CA , 95624
  • Size SF37,000
  • Built/Renov2023
  • Price/SF$340
  • Lease Start03-01-2023
  • Rent/SF$21.25
  • Lease Type Double NN
  • Lot/AC2.08
  • Pop 5MI293,429

12,580,000

  • Cap Rate 6.25%
  • NOI $786,250
  • R. Term/Yrs 13.4
  • Guarantor Corp Rated
  • # Units 20
  • New construction

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Strategically located

  • Top 100 MSA

  • Strong demographics

  • Brand new lease

  • Long 15+ yr lease

  • Corporate Guarantee

  • Credit rated company

  • ...
  • Tenant City Sports Club
  • Guarantor Corp Rated
  • #Units 20
  • Moody's/S&P B2/ B
  • Stock Private
10115 Talbert Avenue, Fountain Valley, CA , 92708
  • Size SF50,441
  • Built/Renov1977/2014
  • Price/SF$446
  • Lease Start07-01-2024
  • Rent/SF$22.28
  • Lease Type Abs NNN
  • Lot/AC2.87
  • Pop 5MI633,531

22,475,000

  • Cap Rate 5.00%
  • NOI $1,123,848
  • R. Term/Yrs 10.7
  • Guarantor Corp Rated
  • # Units 800
  • Build to suit

  • Oversized lot

  • Near major nationals

  • Freeway visibility

  • 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
1345 East Osceola Parkway, Kissimmee, FL , 34744
  • Size SF42,000
  • Built/Renov2024
  • Price/SF$381
  • Lease Start12-15-2024
  • 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 15.1
  • 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 15+ yr lease

  • Corporate Guarantee

  • ...
  • Tenant EoS Fitness
  • Guarantor Corporate
  • #Units 125
  • Stock Private
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 9.11
  • 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
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 10.11
  • 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 8.2
  • 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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