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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
Freestanding
Building Size
34,000 SF
Building Class
C
Year Built
1981
Price
$4,442,800
Price Per SF
$131
Cap Rate
9.97%
NOI
$442,800
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
4.21 AC
Zoning
OR
Parking
173 Spaces (5.09 Spaces per 1,000 SF Leased)
  • Listing ID: 32503265

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 140 Oakmont Dr, Greenville, NC 27858

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