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501 S County Farm RdWheaton, IL 60187
Vasa Fitness, Chicago MSA
Asset ClassRetail
Cap Rate8%
Year Renovated: 2023Lease-Term Remaining: 15 YearsAccess Data Room
New Price | Vasa Fitness | 8.00% Cap Rate | 15-Year Lease | Target Shadow Anchor | Brand New Roof
overview of deal

Overview

The NNN Fitness Group of Marcus and Millichap is pleased to bring to market a brand new 65,936 square foot VASA Fitness located in Wheaton, IL. This VASA Fitness has a new 15-year lease with (3) 5 Year options for renewal, and healthy rent and price PSF. The large state-of-the-art facility offers substantial space for equipment and cardio areas, group and specialty classes, indoor heated lap pool, saunas, basketball courts, recovery areas and full-service locker rooms. VASA Fitness is a leader in the high-value low price (HVLP 2.0) market which is the fastest-growing segment in the industry.

 

This property is ideally positioned in the highly affluent DuPage County, the second-most-populous county in Illinois. The surrounding 3-mile area has 73,600 residents with an average household income of $139,707. This VASA Fitness location is shadow anchored by Target and Kohl’s and is located less than 30 minutes from downtown Chicago.

 

Illinois Broker of Record: Steven Weinstock

One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181

P: (630) 570-2200

Steven.Weinstock@MarcusMillichap.com

Lic #: 471.011175

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Investment Highlights

  • Brand New 15 Year Lease
  • Affluent Demographics
  • DuPage County Real Estate Taxes
  • Easy Access-to-and-from Chicago
  • High-Value Low Price Leader

Investment Overview

Deal Points
Price
$12,363,000
Cap Rate
8.00%
NOI
$989,040
GLA
65,936 SF
Lot Size
7.00 AC
Year Built
2000/2003
Lease Type
NN
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501 S County Farm RdWheaton, IL 60187
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Listing provided by Revere CRE