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16207 Detroit Ave Lakewood, OH

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For Sale
$3,975,000

Single-tenant Planet Fitness in Lakewood, OH with long-term lease.

Property size:
11,325 SF
Lot size:
0.89 Acres

Property Features for 16207 Detroit Ave

General Information

Size
11,325 SF
Lot size
0.89 Acres

Source: Colliers Agent Jereme Snyder

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Planet Fitness Investment Opportunity

This offering presents an opportunity to acquire a single-tenant Planet Fitness property in Lakewood, OH. The 11,325 square foot building is operated by National Fitness Partners, a major Planet Fitness franchisee with over 200 clubs and 2,400 employees. Planet Fitness, a large and rapidly expanding fitness center franchisor and operator, has over 2,700 locations and more than 19.6 million members across the United States. The property benefits from a brand new 12-year absolute NNN lease, accompanied by two 6-year option periods and rent increases. The property is located at the hard corner signalized intersection of Detroit Avenue and Woodward Avenue. Several high schools are located nearby, including Lakewood High School, St Edward High School, and Rocky River High School. The surrounding trade area is densely populated, with over 210,000 residents within a 5-mile radius. The location is near retailers such as Whole Foods, Heinen’s Grocery Store, McDonald’s, Raising Cane’s, Panera Bread, Starbucks, Chipotle, Giant Eagle Supermarket, Chase Bank, and CVS Pharmacy.
Location Intelligence

Current Use by Public Records

Fitness centers & gyms

Suggested Use

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

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

Similar Places Nearby

Fitness Edge, Shadow's Sanctuary, LLC - Reiki & Wellness, Alliance / Fight Zone, LLC, Vital Pilates & Wellness Bar, Lakewood Chiropractic

Location Insight

  • Map
  • Local Demand
City
Lakewood
County
Cuyahoga
State
Ohio
Longitude
-81.806039
Latitude
41.4836446

FAQs

What type of property is this?
Fitness center & gym - Single-tenant Planet Fitness in Lakewood, OH with long-term lease.
Where is this fitness center & gym located?
The property is located at 16207 Detroit Ave Lakewood, OH.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: - Brand new 12-year absolute NNN lease with zero landlord responsibilities.; - Operated by National Fitness Partners, one of the largest Planet Fitness franchisees.; - Strong rent increases throughout the lease term and option periods.
More about this property
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