301 High StOrrville, OH 44667

Property Details for 301 High St

Year built

2013

Lot size

0.93 AC

Property size (Sq ft)

6,798 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Orrville

County

Wayne

State

Ohio

Latitude

40.8439

Longitude

-81.7673

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