bedrooms
0
bathrooms
2
square feet
0
Acreage
0.46
Open Houses
-
year built
1968
Full Baths
2
Half Baths
0
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.
| Location | |
| Subdivision | None |
| County | Allen County |
| Elementary School | - |
| Middle School | - |
| High School | - |
Open houses
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MLS number: 202421905
Listing agent:
Ed Mccutcheon
#RB14023188
Listing broker:
Century 21 Bradley Realty,Inc.
(260) 399-1177
Copyright © 2025 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Tuesday, January 14 2025 at 11:29 p.m. EST
Kotohomes National