Net Leased Anytime Fitness

1412 1/2 N Scott St, Napoleon, OH

$650,000

Price

6,100 sqft

Building Size

100%

Occupancy

Overview
Building Size
6,100 sqft
Occupancy
100%
Floors
1
Description

Net leased Anytime Fitness Center in Napoleon, OH. The property is located among major retailer destinations. The building was fully renovated in 2018 at a cost of $250,000. This bite sized investment has five years remaining. Annual rent now $60,024. The tenant is Bandon Holdings, the largest franchisee of Anytime Fitness locations. Bandon is majority owned by Fireman Capital Partners, Boston.

Napoleon is a county seat is located on US 24 southwest of the Toledo MSA. The site location is the main retail artery of the community. Surroundung retailers include WalMart and its shadow center, Dollar Tree, AutoZone, O'Reilly Auto Parts, and several fast food restaurants. Napoleon has a strong manufacturing and agricultural base. The manufacturers include JAC, a new Dana manufacturing plant and the 1.2 million square feet Campbell Soup plant.

Highlights
  • Tenant is Largest Anytime Franchisee, 200+ locations
  • $250,000 in Renovations in 2018
  • Tenant responsible for taxes, insurance and CAM
  • Landlord responsible for structure and roof replacement
Documents
Location