Net Leased Anytime Fitness
1412 1/2 N Scott St
Napoleon, OH 43545
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
- New roof install - September 2024!
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. The owner will be installing a new roof September 2024!
Napoleon is located on US 24 southwest of the Toledo MSA. The site location is the main retail artery of the community. Surrounding 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.
