Planet Fitness

CONTACT US REGARDING THIS LISTING

John Esshaki

Investment Advisor

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PROPERTY ADDRESS

2554-2560 CROOKS RD., ROYAL OAK, MI 48073

PROPERTY INFORMATION

Price:
$4,795,000
Cap Rate:
6.0%
Term Remaining:
14 years Years
Year Built:
1955
Status:
Available

INVESTMENT HIGHLIGHTS

  • Generational Real Estate
  • Brand New 15 Year Lease
  • Minimal Landlord Responsibilities
  • 15 Year Term | Three (5 Year) Options
  • Franchisee Guaranteed Lease - 39 Unit Operator
  • Building Recently Renovated (2017) | New Roof & Parking
  • One Mile Household Income is $98,000+
  • Five Mile Population Exceeds 327,000
  • 20,000 + Cars Per Day