477 Main Street
North Bay, P1B 1B6
FOR SALE
$5,100,000

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Investment
CATEGORY21,432 Sq Ft
RETAIL AREAX12943574
MLSIDContact Us
Property Description
6.75% Cap Rate with long term corporate NNN lease. Freestanding retail property fully leased to GoodLife Fitness, Canada's largest and most recognized health club operator with over 450 locations. The Property comprises 21,432 SF and is situated on a 0.84-acre parcel along one of North Bay's primary commercial corridors. Extremely busy location, open 24 hours. Secured by a long-term lease expiring in November 2034, providing 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.
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Property Details
Address
477 Main Street
Community
City
Postal Code
P1B 1B6
Property Type
Investment, Investment
Use
Retail
Zoning
General Commercial Outer Core (C2) Zoning
Lot Size
278' x 132'
Retail Area
21,432 Sq Ft
Acreage
0.8 Feet
Taxes
$113,212 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
Outside/Surface
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Listing contracted with Lennard Commercial Realty
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