301 High St Orrville, OH 44667
This exceptional investment opportunity presents a 6,798 square foot Anytime Fitness storefront located at 301 High St, Orrville, OH 44667. The property boasts a strong 7.75% cap rate, generating a net operating income (NOI) of $105,600. Built in 2013, this well-maintained building sits on a 0.933-acre lot and benefits from a highly visible location on a major thoroughfare with over 7,300 vehicles passing daily. The property is subject to a long-term, absolute net lease (NNN) with 13 years remaining on the primary 15-year term (commencing July 1, 2022, and expiring September 30, 2037), offering significant lease stability. The lease includes attractive rental escalations, featuring a rare 15% increase every five years, further enhancing the investment's long-term value. The tenant is responsible for all property taxes, insurance, common area maintenance (CAM), and building maintenance, minimizing landlord responsibilities. Two five-year lease options are also included, providing additional security and potential for future growth. This is a rare opportunity to acquire a high-performing, nationally recognized franchise in a prime location with substantial long-term income potential. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any diversified investment portfolio.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.