140 Oakmont Dr | Greenville, NC 27858
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140 Oakmont Dr
Greenville, NC 27858
Fitness Connection | 9.00% Cap Rate · Retail Property For Sale
Investment Highlights
- Recent Renovations & Improvements
- Pitt County, Fast Growing NC Urban Center
- Long-Term Historical Success
- Excellent Location
Executive Summary
The NNN Fitness Group with Marcus & Millichap is pleased to present this excellent opportunity to purchase a fee-simple Fitness Connection located in Greenville, NC. The offering consists of 34,000 square feet situated on a large 4.21-acre lot. The asset features recent renovations and site improvements in addition to a roof and parking lot replacement in 2019, with the Landlord and Tenant having contributed a combined $1.5M in recent improvements. Fitness Connection has had long-term historical success operating at this location with extensive customer loyalty. This property ranks in the top 12% of fitness centers nationwide, according to Placer.Ai foot traffic. This property is in a dense corridor less than 2 miles from East Carolina University (28K+ Students), and in the heart of Greenville’s primary retail hub with nearby national tenants such as Target, Belk, Hobby Lobby, Walmart, T.J Maxx, and many more including 66+ retailers at Greenville Mall.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
34,000 SF
Building Class
C
Year Built
1981
Price
£3,612,307
Price Per SF
£106
Net Initial Yield
9.97%
NOI
£360,027
Tenancy
Single
Number of Floors
1
Building FAR
0.19
Lot Size
4.21 AC
Zoning
OR
Parking
173 Spaces (5.09 Spaces per 1,000 SF Leased)
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