1412 Scott StNapoleon, OH 43545

Property Details for 1412 Scott St

Year built

1989

Lot size

1.01 AC

Property type

Other commercial real estate

APN

41-129224.0020

APU

411292240020

Description

This exceptional investment opportunity presents a 6,100-square-foot, net-leased Anytime Fitness storefront located at 1412 1/2 N Scott St, Napoleon, OH 43545. The property boasts a strong 9.23% cap rate and a current annual rent of $60,024, with five years remaining on the lease. The tenant, Bandon Holdings, is the largest Anytime Fitness franchisee, operating over 200 locations and majority-owned by Fireman Capital Partners. This signifies exceptional tenant strength and financial stability. The building underwent a complete $250,000 renovation in 2018, ensuring modern and attractive facilities. The lease is a triple-net (NNN) agreement, meaning the tenant is responsible for property taxes, insurance, and common area maintenance (CAM). The landlord's responsibilities are limited to the building structure and roof replacement, with a new roof scheduled for installation in September 2024. This turnkey investment is situated in a prime retail location among other major retailers, offering excellent visibility and accessibility. The 100% occupancy rate further underscores the property's desirability and consistent income generation. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a reputable national tenant and a strong financial outlook. The asking price is $650,000.

• Alternative Use

  Use

  Valuation

  Residential

  $8,620,768

  Hospitality

  $7,896,577

  Educational

  $6,569,859

  Medical

  $6,795,806

  Retail

  $10,219,781

Location Insight

City

Napoleon

County

Henry

State

Ohio

Latitude

41.4004

Longitude

-84.1313

Property Tax & Assessments

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