Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Edge Fitness in Crystal Lake, Illinois. This newly renovated, freestanding 52,599 SF single-tenant building is leased to Edge on a new 15-year lease that commenced in April 2022. The property is a high-performing location for Edge Fitness that was converted to a 24-hour location due to its market-leading membership counts and membership demand at the site. The property also benefits from a thorough renovation and modern tenant prototype, including a brand-new roof (with a transferrable warranty), and a resurfaced parking lot.
Situated at 800 Cog Circle, the property is positioned at the heart of a dense regional retail trade area anchored by Target, Home Depot, Sam’s Club, Menards, Walmart, Jewel Osco, Chick-fil-A, Chase Bank, Portillo’s, and Raising Cane’s, among many others. The property fronts Northwest Highway (31,000 VPD) at the intersection of Route 31 (33,500 VPD), and benefits from a strong, affluent demographic base, drawing from roughly 125,000 people in the trade area with average household incomes of $135,000. Edge Fitness was founded in 1988 and has grown to 42 locations in the market it services across nine states, with over 150,000 members.
Extensive Term Remaining
15-year lease through 2037 with three (3), five (5) year options, this asset provides surety of long-term cash flow
24/7 Location
Tenant operates this location 24/7 due to sustained performance
Positioned in Dense Retail Corridor
The asset is located in the dense retail corridor which is home to national tenants Target, Sam's Club, Home Depot, Hobby Lobby, Aldi, and Walmart
Recent Capital Improvements
Ownership recently renovated the interior of this asset as well as replaced the roof (15-year warranty) and resurfaced the parking lot
Excellent Demographics
The asset benefits from a dense, affluent population with 5-mile population of 122,897 people earning $137,524 AHHI