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140 Oakmont DrGreenville, NC 27858
Fitness Connection, Greenville, NC
Asset ClassRetail
Cap Rate10%
Fitness Connection | 10.00% Cap Rate | Recent Renovations & Improvements | Top 12% of Fitness Centers Nationwide (Placer.Ai) | Greenville, NC
overview of deal

Overview

The NNN Fitness Group with Marcus & Millichap is pleased to present this excellent opportunity to purchase a fee-simple Fitness Connection located in Greenville, NC. The offering consists of 34,000 square feet situated on a large 4.21-acre lot. The asset features recent renovations and site improvements in addition to a roof and parking lot replacement in 2019, with the Landlord and Tenant having contributed a combined $1.5M in recent improvements. Fitness Connection has had long-term historical success operating at this location with extensive customer loyalty. This property ranks in the top 12% of fitness centers nationwide, according to Placer.Ai foot traffic. This property is in a dense corridor less than 2 miles from East Carolina University (28K+ Students), and in the heart of Greenville’s primary retail hub with nearby national tenants such as Target, Belk, Hobby Lobby, Walmart, T.J Maxx, and many more including 66+ retailers at Greenville Mall.

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Investment Highlights

  • Recent Renovations & Improvements
  • Long-Term Historical Success
  • Pitt County, Fast Growing NC Urban Center
  • Excellent Location

INVESTMENT OVERVIEW

DEAL POINTS
PRICE
$4,442,800
CAP RATE
10.00%
NOI
$442,800
GLA
34,000 SF
LOT SIZE
4.21 AC
YEAR BUILT
1981
LEASE TYPE
NNN
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140 Oakmont DrGreenville, NC 27858
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