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11206 Montgomery Rd
Cincinnati, OH 45249
Orange Theory Fitness · Retail Property For Sale
Investment Highlights
- Long-term guaranteed net lease to West Coast Fitness, LLC, a major Orangethroey Fitness franchisee with 48 units and counting.
- Tenant handles all taxes, insurance, and maintenance, excluding foundation, structural portions of exterior walls, and replacement of parking lot.
- Franchise development momentum remained strong in 2025, with dozens of new studios opened globally in North America, Europe, and parts of Asia-Pacific
- Rare 2% annual rental increases in initial term and two (2) option periods of five years each, ensuring consistent income growth.
- 3,000-SF high-quality masonry building on an efficient .43-acre parcel with ample parking (26 dedicated spaces & 137 additional cross-parking spaces)
- Same-store sales (SSS) trends in 2025 were generally positive, with many mature studios reporting low-to-mid single-digit revenue growth.
Executive Summary
This property offers a high-visibility location along Montgomery Road, the city’s primary commercial corridor with over 32,000 vehicles per day, providing direct access to major Cincinnati routes. Situated just 1.5 miles from the Interstate 275 interchange, which forms an outer loop around Downtown Cincinnati and sees traffic counts exceeding 108,000 vehicles daily, the site benefits from exceptional regional connectivity. The five-mile trade area encompasses a population of 143,305, supported by a strong average household income of $186,488 within one mile, making it an ideal demographic base for sustained customer demand.
Positioned among a mix of prominent local and national retailers, including Kroger, HomeGoods, Chili’s Grill & Bar, Buffalo Wild Wings, Starbucks, and Dunkin’, the site is anchored in Montgomery’s primary retail and economic hub. Additionally, the property is only 15 miles from Downtown Cincinnati, home to over 315,000 residents, capturing both commuter and local traffic flows. With projected income growth across the surrounding trade areas over the next five years, Orleans Orangetheory Fitness and the Montgomery market are aligned for consistent, long-term growth.
Positioned among a mix of prominent local and national retailers, including Kroger, HomeGoods, Chili’s Grill & Bar, Buffalo Wild Wings, Starbucks, and Dunkin’, the site is anchored in Montgomery’s primary retail and economic hub. Additionally, the property is only 15 miles from Downtown Cincinnati, home to over 315,000 residents, capturing both commuter and local traffic flows. With projected income growth across the surrounding trade areas over the next five years, Orleans Orangetheory Fitness and the Montgomery market are aligned for consistent, long-term growth.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Health Club
Building Size
3,000 SF
Building Class
B
Year Built
2020
Price
$2,446,116 CAD
Price Per SF
$815.37 CAD
Cap Rate
6.50%
NOI
$158,998 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.43 AC
Parking
26 Spaces (8.34 Spaces per 1,000 SF Leased)
Amenities
- Signage
Property Taxes
| Parcel Number | 603-0A23-0221 | Improvements Assessment | $220,597 CAD |
| Land Assessment | $219,925 CAD | Total Assessment | $440,521 CAD |
Property Taxes
Parcel Number
603-0A23-0221
Land Assessment
$219,925 CAD
Improvements Assessment
$220,597 CAD
Total Assessment
$440,521 CAD
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