2437 Central Ave - Health Club FOR SALE


Windsor, ON N8W 4J4
$2,800,000 CAD
905-917-2031

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$2,800,000 CAD
Health Club - FOR SALE
null | Request Cap Rate

2437 Central Ave
Windsor, ON N8W 4J4


OVERVIEW

Lennard Commercial Realty, Brokerage (the “Advisor”) has been retained on an exclusive basis to offer for sale a 100% freehold interest in a freestanding commercial property located at 2437 Central Avenue, Windsor, ON (the “Property”). The Property comprises 32,280 SF on 2.3 acres and is primarily leased to Fit4Less, a corporate banner of GoodLife Fitness, Canada’s largest health club operator with over 450 locations nationwide. Fit4Less has operated at the site since 2014, providing a long-standing and stable presence within the community. A complementary chiropractic clinic occupies a smaller portion of the building, further enhancing the health and wellness profile of the asset. Strategically located adjacent to the Stellantis Windsor Assembly Plant, which employs over 4,200 workers, the Property also benefits from the surrounding concentration of industrial and manufacturing employers. This broader employment base provides a large pool of “blue collar” employees that align well with Fit4Less’ target demographic. The site is easily accessible and well-positioned near Tecumseh Road East, a major east-west corridor in Windsor. With in-place rents at just $5.55 PSF, the Property offers significant future rental upside. Zoning is flexible, permitting a wide range of retail, industrial, and storage uses, while pricing at approximately $87 PSF is well below replacement cost. This offering represents a unique opportunity to acquire a stabilized, necessity-based fitness asset with a strong corporate covenant, excellent underlying real estate fundamentals, and long-term growth potential.

FOR SALE DETAILS

PRICE

$2,800,000 CAD

PRICE/SF

$87 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fit4Less

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

CC

APN/PARCEL ID

373907037002000

ASK ABOUT THIS PROPERTY

Yash KumarLennard Commercial RealtyMore Info
905-917-2031

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Yash KumarLennard Commercial RealtyMore Info
905-917-2031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.