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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

301 High St Orrville, OH 44667

6,798 SF 0.93 ac lot Built 2013
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2013
Total area 6,798 SF
Lot 0.93 ac (40,641 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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