Available
Planet Fitness
2340 E State Street, Salem, OH 44460
Investment Opportunity
The Offering
Investment Highlights
→ NNN Lease: 12 years remaining, fee simple (land & building) with 20% rent escalation in year 7.
→ Centrally located in the shopping district of Salem, OH and positioned on the major thoroughfare, E State Street.
→ Significant Upside Potential Through Rent Growth with 20% increase in years 7-12.
→ High Growth Tenant: Over $1.1 billion in revenue, up 27.6% YOY, Rapid national expansion & Strong franchise with 60 locations nationally.
The Details
Square Footage:
19,002 SF
Price:
$1,357,285.71
Tenancy:
Single
Cap Rate:
7%
NOI:
$95,010
The Location
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