Planet Fitness Investment
16207 Detroit Ave, Lakewood, OH
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Single-tenant Planet Fitness in Lakewood, OH with long-term lease.
Type:RETAIL
Property size:
11,325 SFLot size:
0.89 AcresPrice / SF:
$333/SF- Added:
- Sep 9, 2025
- Days on Market:
- 252
- Last Refresh:
- Apr 5 at 9:17 pm
Property Features for 16207 Detroit Ave
General Information
- Standard status
- Active
- Size
- 11,325 SF
- Lot size
- 0.89 Acres
- Property subtype
- RETAIL
Listing agent Jereme Snyder License #01809955 (949) 724-5552
Listing office Colliers (949) 724-5552
Listing date Sep 9, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Colliers
HighLights
- 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.
- Located at a hard corner signalized intersection of Detroit Avenue and Woodward Avenue.
- Recently renovated 11,325 SF building.
- Densely populated upscale trade area with over 210,000 people within a 5‑mile radius.
Overview
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
Similar Places Nearby
- Rocky River Fitness — 1211 Allen Ct ste b, Rocky River, OH 44116
- Collette Strength & Conditioning — 1211 Allen Ct, Rocky River, OH 44116
- ASAP Fitness — 2214 Wooster Rd, Cleveland, OH 44116
- Russell Fitness — 1211 Allen Ct ste b, Rocky River, OH 44116
- sunaya studios — 2212 Wooster Rd, Rocky River, OH 44116
Location Insight
- Map
- Local Demand
- City
- Lakewood
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.806
- Latitude
- 41.4836
Nearby Similar for Sale
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 $3,775,000.
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.
