1632 Bush Ln Crawfordsville, IN 47933

This exceptional investment opportunity presents a 10,280 square foot Planet Fitness located at 1632 Bush Ln, Crawfordsville, IN 47933. The property sits on a 3.04-acre lot and boasts a new 10-year lease commencing September 1, 2024, and expiring August 31, 2034. The lease includes four 5-year renewal options, each with a 10% rent increase. The current asking price is $1,292,000, reflecting a 6.50% cap rate and a net operating income (NOI) of $84,000. The property benefits from a strong lease guaranty provided by a 150+ location operator with a significant presence across the Midwest, Northeast, and Southeast. This is a Net Net (NN) lease, minimizing landlord responsibilities. The building was constructed in 2016 and enjoys a prime retail corridor location in Crawfordsville, surrounded by major national retailers such as Kroger, Home Depot, Walmart, and more. Crawfordsville's strategic location, approximately 45 miles northwest of Indianapolis, provides access to a substantial market within the Indianapolis Metropolitan Statistical Area (MSA), exceeding 2 million people. The property's location within a thriving retail area, coupled with the strength of the Planet Fitness brand and the long-term lease, makes this a compelling investment opportunity. The 10% rent bumps every five years ensure consistent income growth.