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4701 Lincoln Mall Dr, Matteson, IL 13343 S Cicero Ave, Crestwood, IL
LA Fitness Portfolio, Chicago MSA
Asset ClassRetail
Cap Rate8%
LA Fitness Portfolio | Rare Bite Size Deals | Two Recently Acquired XSport Locations | Chicago MSA | High Density & Traffic Counts
overview of deal

Overview

The NNN Fitness Group of Marcus & Millichap is pleased to offer this rare portfolio opportunity to purchase two (2) freestanding LA Fitness properties located in densely populated submarkets of Chicago MSA. Thirty-Five (35) XSport Fitness locations, including both of the subject properties, were recently acquired by Fitness International, Inc (LA Fitness Corporate) as they continue to expand their national footprint and strong credit rating (S&P 'B' Stable).

 

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Investment Highlights

  • 35 XSport Fitness’s Acquired by LA Fitness Corporate
  • Excellent Locations & Access
  • Dense Retail Corridors

 

INVESTMENT OVERVIEW

Deal Points
TOTAL PRICE
$7,500,000
CAP RATE
8.00%
WALT
10.5+
LEASE TYPE
Absolute NNN
TOTAL GLA
39,304 SF
TOTAL LOT SIZE
3.50 AC
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4701 Lincoln Mall DrMatteson, IL 60443

Sales Team

Steven WeinstockBroker of Record | Lic #: 471.011175630-570-2200steven.weinstock@marcusmillichap.com
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