For Sale
$1,357,285.71
2340 State StSalem, OH 44460
High-growth NNN retail investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- NNN Lease with 12 years remaining on a fee-simple interest (land and building), including a 20% rent escalation in year 7.
- Planet Fitness (PLNT, NYSE) tenant, a component of the S&P 400, with over 2,600 clubs globally.
- High-growth tenant with over $1.1 billion in revenue and 27.6% year-over-year growth, exhibiting strong national expansion and a robust franchise network.
- Excellent location in Salem, OH's shopping district, situated on the high-traffic E State Street.
- Significant rental growth potential with a 20% increase projected for years 7-12.
- Strong co-tenancy with national retailers including Home Depot, Tractor Supply, Walmart, Giant Eagle, Aldi, Advance Auto Parts, Dollar Tree, Walgreens, Starbucks, McDonald's, and Marc's.
Property Details for 2340 State St
- Property type
- Retail properties, Freestanding property
- Square Feet
- 19,002 SF
- Year Built
- 2023
- Lot Size (sq. ft)
- 166,399 SF
Location Insight
- City
- Salem
- County
- Columbiana
- State
- Ohio
- Latitude
- 40.9025092
- Longitude
- -80.8292438
2340 State St, Salem, Ohio
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