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Fit4Less 2437 Central Ave 32,280 SF Retail Building Windsor, ON N8W 4J4 $2,800,000 CAD ($86.74 CAD/SF)
EXECUTIVE SUMMARY
Lennard Commercial Realty, Brokerage (the “Advisor”) has been retained on an exclusive basis to offer for sale a 100% freehold interest in a freestanding commercial property
located at 2437 Central Avenue, Windsor, ON (the “Property”).
The Property comprises 32,280 SF on 2.3 acres and is primarily leased to Fit4Less, a corporate banner of GoodLife Fitness, Canada’s largest health club operator with over 450
locations nationwide. Fit4Less has operated at the site since 2014, providing a long-standing and stable presence within the community. A complementary chiropractic
clinic occupies a smaller portion of the building, further enhancing the health and wellness profile of the asset.
Strategically located adjacent to the Stellantis Windsor Assembly Plant, which employs over 4,200 workers, the Property also benefits from the surrounding concentration of industrial and manufacturing employers. This broader employment base provides a large pool of “blue collar” employees that align well with Fit4Less’ target demographic. The site is easily accessible and well-positioned near Tecumseh Road East, a major east-west corridor in Windsor.
With in-place rents at just $5.55 PSF, the Property offers significant future rental upside. Zoning is flexible, permitting a wide range of retail, industrial, and storage uses, while pricing at approximately $87 PSF is well below replacement cost. This offering represents a unique opportunity to acquire a stabilized, necessity-based fitness asset with a strong corporate covenant, excellent underlying real estate fundamentals, and long-term growth potential.
located at 2437 Central Avenue, Windsor, ON (the “Property”).
The Property comprises 32,280 SF on 2.3 acres and is primarily leased to Fit4Less, a corporate banner of GoodLife Fitness, Canada’s largest health club operator with over 450
locations nationwide. Fit4Less has operated at the site since 2014, providing a long-standing and stable presence within the community. A complementary chiropractic
clinic occupies a smaller portion of the building, further enhancing the health and wellness profile of the asset.
Strategically located adjacent to the Stellantis Windsor Assembly Plant, which employs over 4,200 workers, the Property also benefits from the surrounding concentration of industrial and manufacturing employers. This broader employment base provides a large pool of “blue collar” employees that align well with Fit4Less’ target demographic. The site is easily accessible and well-positioned near Tecumseh Road East, a major east-west corridor in Windsor.
With in-place rents at just $5.55 PSF, the Property offers significant future rental upside. Zoning is flexible, permitting a wide range of retail, industrial, and storage uses, while pricing at approximately $87 PSF is well below replacement cost. This offering represents a unique opportunity to acquire a stabilized, necessity-based fitness asset with a strong corporate covenant, excellent underlying real estate fundamentals, and long-term growth potential.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
32,280 SF
Building Class
C
Year Built
1974
Price
$2,800,000 CAD
Price Per SF
$86.74 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
2.31 AC
Zoning
CC - Community Commercial
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
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Fit4Less | 2437 Central Ave
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