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31772870
32294760

11206 Montgomery Rd, Montgomery, OH 45249

MY
CA 01823291
Cushman & Wakefield - Sacramento, California
VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California
$1,768,000
25 days on market
Updated 25 days ago

Orangetheory Fitness | 2% Annual Rent Increases

Details
Property Type Retail
Sub Type Storefront, Gym
Square Footage 3,000
Cap Rate 6.5%
NOI $114,869
Tenancy Single
Brand/Tenant LA Fitness, Planet Fitness (+4)
Lease Type NN+
Lease Term 11.3
Lease Expiration 06/30/2031
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2020
Investment Type Net Lease
Lease Commencement 03/01/2020
Ground Lease No

Cincinnati MSA | Affluent Suburb with Strong Demographics

Marketing description

» Long-term guaranteed net lease to West Coast Fitness, LLC, a major Orangethroey Fitness franchisee with 48 units and counting.

» Rare 2% annual rental increases in initial term and two (2) option periods of five years each, ensuring consistent income growth.

» Tenant handles all taxes, insurance, and maintenance, excluding foundation, structural portions of exterior walls, and replacement of parking lot, providing a low-stress opportunity for both out-of-area or local investors.

» 3,000-SF high-quality masonry building on an efficient .43-acre parcel with ample parking (26 dedicated spaces & 137 additional cross-parking spaces) and multiple points of ingress/egress, ideal for optimal Orangetheory Fitness operations.

» Franchise development momentum remained strong in 2025, with dozens of new studios opened globally in North America, Europe, and parts of Asia-Pacific.

» Same-store sales (SSS) trends in 2025 were generally positive, with many mature studios reporting low-to-mid single-digit revenue growth.

Investment highlights

» Prime Orangetheory Fitness Location: High-visibility and easily accessible location along Montgomery Road (32,000+ AADT), Montgomery’s primary commercial corridor providing direct connectivity to major regional Cincinnati routes.

» Interstate 275: Located 1.5 miles from the Interstate 275 interchange, which creates an outer-loop around Downtown Cincinnati (108,000+ AADT).

» Ideal Demographic Base: The five-mile radius serves a populous region of 143,305, with a robust average annual household income of $186,488 within one mile.

» Strategic Location: Strategic location amongst an excellent mix of local and national retailers that drive Montgomery’s primary economic activity, including Kroger, HomeGoods, Chili’s Grill & Bar, Buffalo Wild Wings, Starbucks, Dunkin’, and more.

» Downtown Cincinnati: 15 miles from Downtown Cincinnati (315,000+ residents), drawing significant commuter and local traffic past the site.

» Growing Montgomery Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Orangetheory Fitness and Montgomery for steady concurrent growth.

Listing Contacts

MY
CA 01823291
Cushman & Wakefield - Sacramento, California
VA
CA CA 01728696
Cushman & Wakefield - Sacramento, California
Listed by Cushman & Wakefield - Sacramento, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$114,869.00
$9,572.42/mo

Valuation Metrics

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DSCR
6.5%
Cap Rate
6.5%
ROI

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Zoning

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LB CommercialSpecial CommercialLimited Business
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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