For Sale
$1,365,000

301 High StOrrville, OH 44667

High-yield retail investment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 6,798 square foot Anytime Fitness storefront located at 301 High St, Orrville, OH 44667. The property boasts a strong 7.75% cap rate, generating a net operating income (NOI) of $105,600. Built in 2013, this well-maintained building sits on a 0.933-acre lot and benefits from a highly visible location on a major thoroughfare with over 7,300 vehicles passing daily. The property is subject to a long-term, absolute net lease (NNN) with 13 years remaining on the primary 15-year term (commencing July 1, 2022, and expiring September 30, 2037), offering significant lease stability. The lease includes attractive rental escalations, featuring a rare 15% increase every five years, further enhancing the investment's long-term value. The tenant is responsible for all property taxes, insurance, common area maintenance (CAM), and building maintenance, minimizing landlord responsibilities. Two five-year lease options are also included, providing additional security and potential for future growth. This is a rare opportunity to acquire a high-performing, nationally recognized franchise in a prime location with substantial long-term income potential. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any diversified investment portfolio.

Highlights

  • 13-Year Absolute Net Lease Remaining.
  • 15% Rental Increases Every 5 Years.
  • Tenant Responsible for All Expenses (Taxes, Insurance, CAM, and Maintenance).
  • High-Visibility Location on Major Orrville Thoroughfare (7,300+ VPD).

Property Details for 301 High St

Property type
Retail properties, Retail space
Square Feet
6,798 SF
Year Built
2013
Lot Size (sq. ft)
40,641 SF

Location Insight

City
Orrville
County
Wayne
State
Ohio
Latitude
40.8438812
Longitude
-81.7672945
301 High St, Orrville, Ohio

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
301 High St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message