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GoodLife Fitness 477 Main St E 21,432 SF Retail Building North Bay, ON P1B 1B6 $5,275,000 CAD ($246.13 CAD/SF)
Executive Summary
: The offering represents a rare opportunity to acquire a freestanding retail asset fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations nationwide and approximately1.5 million members. The Property comprises 21,432 square feet and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. The asset is secured by a long-term corporate triple net lease expiring November 30, 2034, with two (2) additional 10-year renewal options, providing long-term 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. Supported by a strong national covenant and long-term lease commitment,the North Bay GoodLife presents a secure investment opportunity within a stable Northern Ontario market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Health Club
Building Size
21,432 SF
Building Class
C
Year Built
2010
Price
$5,275,000 CAD
Price Per SF
$246.13 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.62
Lot Size
0.30 AC
Zoning
C2 - Commercial
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 2
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GoodLife Fitness | 477 Main St E
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