1412 1/2 Scott - Freestanding FOR SALE


Napoleon, OH 43545
$650,000 USD
419-438-5839
1412 1/2 Scott, Napoleon, OH for Sale
$650,000 USD
Freestanding - FOR SALE
1/4
null | 9.23% Cap Rate

1412 1/2 Scott
Napoleon, OH 43545


HIGHLIGHTS

  • Tenant is Largest Anytime Franchisee, 200+ locations
  • $250,000 in Renovations in 2018
  • 9.23% Cap Rate- 5 years remaining
  • Tenant responsible for taxes, insurance and CAM; Landlord responsible for structure and roof replacement

OVERVIEW

Net leased Anytime Fitness Center in Napoleon, OH. The property is located among major retailer destinations. The building was fully renovated in 2018 at a cost of $250,000. This bite sized investment is priced at a 9.23% Cap Rate, with 5 years remaining. The tenant is Bandon Holdings, the largest franchisee of Anytime Fitness locations. Bandon is majority owned by Fireman Capital Partners, Boston. The owner will be installing a new roof in September 2024!

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

9.23%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,624 SF

ZONING

B

APN/PARCEL ID

41-129224-0020

ASK ABOUT THIS PROPERTY

Mark BaringerNAI Harmon GroupMore Info
419-438-5839

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Mark BaringerNAI Harmon GroupMore Info
419-438-5839

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.