Planet Fitness Investment
For Sale
Contact for pricing
16207 Detroit Ave, Lakewood, OH
Single-tenant Planet Fitness in Lakewood, OH with long-term lease.
Property Size11,325 SF
Lot Size0.89 Acres
Price / SF$333.33
Days on Market361
Property Features for 16207 Detroit Ave
General Information
Standard status
Active
Size
11,325 SF
Lot size
0.89 Acres
Property subtype
RETAIL
Listing Agency:
Colliers
(949) 474-0707
Listed By:
Jereme Snyder
(949) 724-5552
Source:
Moodyscre
Added: Sep 9, 2025
Changed: Aug 23
Last Checked: Sep 1 at 8:51PM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Questions? Ask Rey
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Frequently Asked Questions
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.
