Description

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.