REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,100,000
Est. payment | /mo
$ 5,100,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Central
MLS Listing ID X12943584
Annual Tax Amount $113,211
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
6.75% Cap Rate with long term corporate NNN lease. Freestanding retail property fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations. The Property comprises 21,432 SF and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. Extremely busy location, open 24 hours. Secured by a long-term lease expiring in November 2034, providing income stability and tenancy security. The lease structure is fully NET to the landlord, offering investors a passive investment with no day-to-day operational responsibilities. This location represents the only GoodLife Fitness branded club in the City of North Bay, establishing the Property as a true destination fitness facility within the trade area.
Location
Province ON
County Nipissing
Area Nipissing
Zoning General Commercial Outer Core (C2) Zoning
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 277.9
Lot Depth 131.74
Others
Security Features Yes
ParcelsYN No
Listed by LENNARD COMMERCIAL REALTY
Nearby Locations
GET MORE INFORMATION
Follow Us
