371 Lowell Ave | Haverhill, MA 01832
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- LoopNet Team
371 Lowell Ave
Haverhill, MA 01832
Planet Fitness · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New 10-Year Triple-Net (NNN) Lease Extension with Leading Franchisee
- $10,000 Rent Increases in 2024, 2027, and 2% Every 2.5 Years During the Option Periods
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 20 Years
- The Tenant is the Largest Planet Fitness Franchisee in the Boston Area with 10 Locations
PROPERTY FACTS
Property Type
Retail
Property Subtype
Health Club
Building Size
20,353 SF
Building Class
B
Year Built/Renovated
1969/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.60 AC
Parking
96 Spaces (4.72 Spaces per 1,000 SF Leased)
Frontage
256’ on Steeplechase Court
PROPERTY TAXES
| Parcel Number | HAVE-000569-000002-000003 | Improvements Assessment | $1,063,100 |
| Land Assessment | $1,062,900 | Total Assessment | $2,126,000 |
PROPERTY TAXES
Parcel Number
HAVE-000569-000002-000003
Land Assessment
$1,062,900
Improvements Assessment
$1,063,100
Total Assessment
$2,126,000
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