16207 Detroit Ave Lakewood, OH

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Listed by Jereme Snyder · License #2013002810 Show Phone

Source Moodyscre

Added: Sep 9, 2025 Checked: Jul 19 at 3:05 am

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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.

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Similar Off Market 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

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.