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Fitness Center

Crunch Fitness

3401 Ibsen Ave, Cincinnati, OH 45209

Listing Price: $7,650,000

Cap Rate
7.61%
Tenant Name
Crunch Fitness
Years Remaining On Lease
8.4
Gross SF
35,050
Guarantor
Personal Guarantee
Rentable SF
35,050
Price/Gross SF
$218.26
Lease Type
Absolute Net
Rent Per Square Feet
$16.60

Investment Overview

Marcus & Millichap are proud to be listing the STNL Crunch Fitness building. This property is located just Northeast of Downtown Cincinnati.

Investment Highlights

  • Nearly Nine-Years of Term Remaining with Over Eight Percent Rent Bump in 2025
  • Surrounding Retailers Include Meijer, Target, Cinemark, Chick-fil-A, Starbucks, and Olive Garden
  • Positioned at Signalized Intersection with Great Visibility and a Combined VPD of 30,000
  • Sits Near Two Newer Luxury Apartment Complexes with Over 725-Units Combined
  • Oakley's Millennial Population (Wellness Generation) Makes up 47 Percent of Population in One-Mile
  • Densely Populated with Nearly 235,000 Residents and 284,000 Employees in Five-Miles
  • Proximity to Multiple New Luxury Multifamily Developments Adding Over 930-Units to the Area
  • Average Household Incomes Exceed $78,000 in One-Mile and $89,000 in Three-Miles

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

  • Stan Falk

    Senior Vice President Investments

    (513) 878-7721

    Email Stan

    License(s): OH: SAL.2012001364

    Cincinnati

Fitness Center

Crunch Fitness

Listing Price: $7,650,000

Cap Rate
7.61%
Tenant Name
Crunch Fitness
Years Remaining On Lease
8.4
Gross SF
35,050
Guarantor
Personal Guarantee
Rentable SF
35,050
Price/Gross SF
$218.26
Lease Type
Absolute Net
Rent Per Square Feet
$16.60

Investment Highlights

  • Nearly Nine-Years of Term Remaining with Over Eight Percent Rent Bump in 2025
  • Surrounding Retailers Include Meijer, Target, Cinemark, Chick-fil-A, Starbucks, and Olive Garden
  • Positioned at Signalized Intersection with Great Visibility and a Combined VPD of 30,000
  • Sits Near Two Newer Luxury Apartment Complexes with Over 725-Units Combined
  • Oakley's Millennial Population (Wellness Generation) Makes up 47 Percent of Population in One-Mile
  • Densely Populated with Nearly 235,000 Residents and 284,000 Employees in Five-Miles
  • Proximity to Multiple New Luxury Multifamily Developments Adding Over 930-Units to the Area
  • Average Household Incomes Exceed $78,000 in One-Mile and $89,000 in Three-Miles

Investment Overview

Marcus & Millichap are proud to be listing the STNL Crunch Fitness building. This property is located just Northeast of Downtown Cincinnati.

Exclusively Listed By

  • Joel Dumes

    Senior Managing Director Investments

    (513) 878-7720

    Email Joel

    License(s): OH: SAL.2003013045, KY: 63818

    Cincinnati

  • Stan Falk

    Senior Vice President Investments

    (513) 878-7721

    Email Stan

    License(s): OH: SAL.2012001364

    Cincinnati

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