Fitness Facility/ Gym For Lease, Equipment and Memberships Included!

Brighton, MI (Livingston County)

Fitness Facility/ Gym For Lease,  Equipment and Memberships Included!

Rate/Sq. Ft.:$16.00

Exp./Sq. Ft.:N/A

Min Space:3,325

Max Space:3,325

Year Built:2013

Fitness Facility/ Gym For Lease, Equipment and Memberships Included!

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Property Description

Start your own turn key gym. Perfect location for Personal Trainer.

This is a perfect fit for a personal trainer or any fitness entrepreneur who is looking to start their own business. This "boutique" style membership and small group personal training gym comes fully equipped with everything you need. This lease includes equipment for the first 2 years of the lease. After that an independent appraiser will price equipment. Buy what you want and discard what you don't need. This facility is located next door to a high volume Chiropractic office seeing 700 health minded patients a week. Buildout includes 3 offices and one child care room not pictured. Showers have been approved to be installed by the Township. High Quality Flooring is made from Nike Grind. Fitness on Demand Kiosk gives your members access to virtual classes all day and night. This is a must see property!

Attached Documents

Detailed Information

Building Status:
Rate/Sq. Ft.:
Buildout of this suite is only 2 years old. Equipment is included in first 2 years of lease so no high overhead or startup costs. Terms of lease are 5 years with a 3 year option. Includes in reoccurring revenue from memberships. That will be handed over after payment of first months rent. All memberships are month to month (none pre-paid). Gym also includes FOB access for all of your members so gym does not need to be staffed. Tenant responsible for any improvements, (but none should be needed)
Current Property Expenses:
Lease includes all property expenses except utilities and HVAC after first 2 years.
Location Description:
This property is located in Brighton, Michigan. Shares a parking lot with Comerica Bank and is 30 seconds off of the I-96 highway.
Current and Prior Use:
Gym has been in use since January of 2013. Ran by a non-experienced owner/GM part time (less than 10 hours a week) for the first 2 years, in which staffing and time commitment was a challenge. Grossed $140K with weight loss programs, group fitness, and memberships in 2014 and $110K in 2015 with only group fitness classes and memberships. Gym is currently non-staffed but members are still signed up and space is maintained through the doctors office next door. This beautiful facility is ready for a motivated owner to take over lease.
Triple Net Lease:
Lease Terms:
$4500/month +utilities. 5 Years Includes all Equipment and Active Memberships.

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Property Listed By:
Eric Duncan

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