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100 W 63rd StWestmont, IL 60559
LA Fitness Signature Club | Westmont, IL
Asset ClassRetail
#1 Club in IL (placer.ai) | 10+ Yrs of Term | 7.25% Cap Rate | 2020 Prototype Construction
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to bring to market a 47,000 square-foot LA Fitness Signature Club located in Westmont, IL. Completed in 2020 as a build-to-suit prototype facility, the property offers investors secure, long-term income with approximately 10.5 years remaining on the initial lease term and includes 10% rent increases every five years and at each of the three five-year renewal options. This location ranks as the #1 LA Fitness in Illinois and is in the top 2% of all U.S. fitness centers for foot traffic over the trailing 12 months, according to Placer.ai. The property is strategically positioned at the high-traffic intersection of W 63rd Street and Cass Avenue, which sees a combined 52,100 vehicles per day, in the affluent Chicago suburb of Westmont.

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Investment Highlights

  • Corporate-Backed Security
  • Top Performing Location
  • Build-to-Suite Signature Club
  • Excellent Retail Synergy

OFFERING DETAILS

DEAL POINTS
PRICE
$17,043,000
CAP RATE
7.25%
NOI
$1,235,630
GLA
47,000 SF
YEAR BUILT
2020
LOT SIZE
3.71 AC
LEASE TYPE
NNN
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100 W 63rd StWestmont, IL 60559

INVESTMENT CONTACTS

Steven WeinstockManaging Broker

License #: 471.011175

6305702200steven.weinstock@marcusmillichap.com
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Listing provided by Revere CRE