Asking Price
Sq. Footage 47,353
NOI Net Operating Income
Cap Rate 7.25%

Attributes

Year Built 2008
Lease Type NNN
Current / Passing Rent
Lease Expiration 2028-01-18
Remaining Term 7 years, 11 months
Tenant Fitness & Sports Clubs, LLC
Lot Size 4.89 ACRES

Property Description

Single-tenant LA Fitness for sale, strategically located within the Cincinnati MSA at the heart of the retail corridor with many national retailers and the Florence mall. Visible from I-75 and adjacent to Meijer, Home Depot and the Florence Executive Centers I and II with 100,000 sq. ft. of office space. Property has a long-term, absolute NNN lease with a corporate guarantee, making it a great passive investment.

Investment Highlights

  • Fee simple interest
  • Property is leased to Fitness & Sports Clubs, LLC on a long-term, absolute NNN lease with a corporate guarantee 
  • Single tenant 
  • Highly visible from Interstate 75 
Peter Bauman
Peter Bauman
SVP, Capital Markets
Licensed in
AZ - SA647389000 NV-186153
Douglas Owen
Douglas Owen
SVP, Brokerage
Licensed in
KY - 198490

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