477 Main St E - Health Club FOR SALE


North Bay, ON P1B 1B6
$5,275,000 CAD
647-401-6025

NO PHOTO

$5,275,000 CAD
Health Club - FOR SALE
null | Request Cap Rate

477 Main St E
North Bay, ON P1B 1B6


OVERVIEW

: The offering represents a rare opportunity to acquire a freestanding retail asset fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations nationwide and approximately1.5 million members. The Property comprises 21,432 square feet and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. The asset is secured by a long-term corporate triple net lease expiring November 30, 2034, with two (2) additional 10-year renewal options, providing long-term income stability and tenancy security. The lease structure is fully net to the landlord, offering investors a passive investment with no day-to-day operational responsibilities. This location represents the only GoodLife Fitness branded club in the City of North Bay, establishing the Property as a true destination fitness facility within the trade area. Supported by a strong national covenant and long-term lease commitment,the North Bay GoodLife presents a secure investment opportunity within a stable Northern Ontario market.

FOR SALE DETAILS

PRICE

$5,275,000 CAD

PRICE/SF

$246 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

GoodLife Fitness

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,199 SF

ZONING

C2

APN/PARCEL ID

484403003501500

ASK ABOUT THIS PROPERTY

Sasha IschenkoLennard Commercial RealtyMore Info
647-401-6025

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Sasha IschenkoLennard Commercial RealtyMore Info
647-401-6025

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