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501 7Th Ave Marion, IA 52302

Sponsored
For Sale
$1,099,000

Anytime Fitness Franchise, High ROI Potential

Description

Added:
Feb 3, 2025
Days on Market:
337
This exceptional investment opportunity presents a thriving Anytime Fitness franchise located at 501 7th Avenue in Marion, IA. The property boasts a recently completed $50,000 interior refresh, ensuring a modern and attractive facility for the tenant. A 6-year lease is in place with 3.5 years remaining, featuring built-in rent increases, providing consistent and growing income. The tenant is responsible for property taxes, while the landlord covers building maintenance and insurance, minimizing operational burdens. The building itself is in excellent condition, having undergone a comprehensive interior and exterior renovation and addition in 2017. This included the installation of a new HVAC system. Further enhancing the property's value are a new roof (2020) and a newly paved parking lot (2022). The property enjoys a highly visible location with significant traffic flow, ensuring strong tenant visibility and accessibility. This turnkey investment offers a compelling combination of a stable, high-performing tenant, a well-maintained building, and a prime location, making it an ideal addition to any portfolio. The asking price is $1,099,000. The property sits on a 0-acre lot. This is a rare opportunity to acquire a strong-performing investment property with significant upside potential.

Property Features for 501 7Th Ave

General Information

Property type
Investment properties

Building Details

Year Built
1999

Property Profile Location Intelligence

Current Use by Public Records

Investment properties

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Marion
County
Linn
State
Iowa
Longitude
-91.60485
Latitude
42.03304

FAQs

What type of property is this?
Investment property - Anytime Fitness Franchise, High ROI Potential
Where is this investment property located?
The property is located at 501 7Th Ave Marion, IA.
What is the asking price?
The asking price for this property is $1,099,000.
More about this property
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