2340 E State St, Salem, OH 44460

INVESTMENT HIGHLIGHTS:

• 19,002-SF Planet Fitness Location on a Large +/-3.82 Acre Parcel | Outparcel to Tractor Supply Anchored Center

• Over 11 Years Remaining on a New Double Net Lease | Minimal Landlord Responsibilities

• 20% Rental Increase on 11/1/2030 | Two, 6-Year Renewal Options

• Complete 2024 Renovations to Suit Planet Fitness | New Roof in 2015 With a 20-year Rransferable Warranty

• 60-Unit Franchisee Guaranteed Lease

TENANT HIGHLIGHTS:

• Planet Fitness is One of the Largest Fitness Club Franchises by Members and Locations in the US, With Over 2,700 Locations in 48 States and 19 Million Active Memberships

• Their Mission is Focused on Providing a High-Quality Fitness Experience in a Welcoming Environment

• Entrepreneur Named Planet Fitness #28 in Their Annual Franchise 500 List in 2023

LOCATION HIGHLIGHTS:

• Strong Retail Corridor Location In a Tractor Supply Co Anchored Shopping Center

• Situated Along East State Street, The Main Retail Thoroughfare in Salem, Seeing 14,747 Vehicles Per Day

• High Visibility With a Lighted Pylon Sign For Salem Plaza at a Signalized Intersection

• Features Three Points of Ingress and Egress and a Large, Fully Lit Parking Lot

• Located Approximately 1.5 Miles from Kent State University at Salem Campus With Over 1,000 Students and Salem High School With Over 650 Students

• Located in a Dense Retail Hub Near Multiple National Tenants Including Walmart Supercenter, Starbucks, Giant Eagle, ALDI, Chipotle, Home Depot, Holiday Inn, Dunkin, McDonald’s, Wendy’s, Walgreens, Take 5 and More

• Salem is the Largest City in Columbiana County, OH

• Salem is 18 Miles From Youngstown and 60 Miles from Cleveland

• Stable Local Demographics: Population of 68,300+ Within 10 Miles | Low Housing Costs and Above US Average Household Incomes