LA Fitness - Florence, KY

430 Meijer Dr Florence , KY 41042-5128

LA Fitness - Florence, KY - Retail for sale

Download Offering Memorandum

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 8.4Yrs

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