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Fitness Center

Planet Fitness & Salvation Army | 7.25% Cap Rate | New Roof | Battle Creek MI MSA

294 Highland Ave, Battle Creek, MI 49015

Listing Price: $5,141,000

Cap Rate
7.25%
Tenant Name
Planet Fitness & Salvation Army
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
49,880
Lease Type
Double Net
Rent Per Square Feet
$7.47

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for Planet Fitness and Salvation Army located in Battle Creek, MI. The offering consists of 49,880 square feet of space situated on approximately 5.67 acres of land. Constructed in 1983, the asset features site improvements and extensive renovations in addition to roof restorations, which come with a 10-year warranty. Furthermore, there is a significant upside with the opportunity to lease, sell, or develop a 0.68-acre separate parcel. This property is located in a dense corridor just off West Columbia Avenue seeing 25,416 vehicles per day. Situated near multiple national tenants such as Walgreen’s, CVS, Pizza Hut, Taco Bell, Popeye’s, Rite Aid, Subway, Aldi, McDonald’s, Papa Johns, and many more.

Investment Highlights

  • High Volume Fitness Anchor
  • Robust Demographics
  • Recent Roof Restoration
  • Significant Value Add Potential
  • Strategic Location
  • Site Improvements & Renovations

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Financing By

Fitness Center

Planet Fitness & Salvation Army | 7.25% Cap Rate | New Roof | Battle Creek MI MSA

Listing Price: $5,141,000

Cap Rate
7.25%
Tenant Name
Planet Fitness & Salvation Army
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
49,880
Lease Type
Double Net
Rent Per Square Feet
$7.47

Investment Highlights

  • High Volume Fitness Anchor
  • Robust Demographics
  • Recent Roof Restoration
  • Significant Value Add Potential
  • Strategic Location
  • Site Improvements & Renovations

Investment Overview

Marcus & Millichap is pleased to present this exclusive listing for Planet Fitness and Salvation Army located in Battle Creek, MI. The offering consists of 49,880 square feet of space situated on approximately 5.67 acres of land. Constructed in 1983, the asset features site improvements and extensive renovations in addition to roof restorations, which come with a 10-year warranty. Furthermore, there is a significant upside with the opportunity to lease, sell, or develop a 0.68-acre separate parcel. This property is located in a dense corridor just off West Columbia Avenue seeing 25,416 vehicles per day. Situated near multiple national tenants such as Walgreen’s, CVS, Pizza Hut, Taco Bell, Popeye’s, Rite Aid, Subway, Aldi, McDonald’s, Papa Johns, and many more.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

Financing By

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