LA Fitness - Florence, KY

430 Meijer Dr Florence , KY 41042-5128

LA Fitness - Florence, KY - retail for sale

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Overview



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 
General
Property type Retail
Tenure type Sale/Purchase
Property address 430 Meijer Dr, Florence, KY 41042-5128
Land in acres 4.89
Building size 47,353  ft2
Year built 2008
Financial
Price $15,800,000
Cap rate 7.25%
Current NOI $1,145,918.00
Lease
Tenant's name Fitness & Sports Clubs, LLC
Lease type NNN
Annual rent $1,145,918.00
Lease expiration date 01/18/2028
Remaining term 8.3Yrs

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