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Map

Directions

US 27 South to Tillman Road and turn East or S. Anthony Boulevard south to Tillman Road and turn West

Description

BUILDING ONLY FOR SALE, 6.30% CAP RATE/ Triple-net lease with the owner of 59 Planet Fitness Center in the U.S./ Present lease is $17,334. per month Triple-Net and renews in October 2029 and every 5 years after with a 5% increase, present annual lease is $208,010. Triple-Net for a cap rate of 6.30% I have checked with a couple CPA’s and since the Assessed Value of the Building is 98.7% of the Total Assessed Value. 98.7% of the total Purchase Price could be the basis for calculating Depreciation. Check with your own CPA. Depending on the Buyer’s tax bracket, it could be quite an annual income tax savings.

Details

  • Property Details

  • MLS #:
    202421905
  • Price
    $3,300,000
  • Approx. Lot Size Acres
    0.46
  • Approx. Lot Size SqFt
    20,038
  • Class
    Commercial
  • DOM
    169
  • Lot Dimensions
    63.50x44.69x185x108.5x184.60
  • New Construction
    No
  • Parcel ID#
    02-12-36-226-008.003-074
  • Property Sub-Type
    Health Center
  • State
    IN
  • Subdivision
    None
  • Year Built
    1968
  • Zip
    46816

  • Interior Features

  • Other Features

  • Waterfront Y/N
    No

Last updated: January 21 2025, 8:06 PM

Listing courtesy of: Ed McCutcheon, CENTURY 21 Bradley Realty, Inc

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified.

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