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100 W 63rd StWestmont, IL 60559
LA Fitness Signature Club, Chicago MSA
Asset ClassRetail
Cap Rate6.75%
Lease-Term Remaining: 12.5 YearsSquare Feet: 47,000Access Data Room
LA Fitness Signature Club | #1 LAF in IL (Placer Ai) | 12.5 Yrs Lease Term | Chicago MSA
overview of deal

Overview

The NNN Fitness Group is pleased to bring to market a 47,000 square-foot LA Fitness located in Westmont, IL. The LA Fitness Signature Club was completed in 2020 and offers investors a secure long-term income stream featuring approximately 12.5 years remaining on the initial lease term with minimal LL responsibilities and 10% increases every five years and at each renewal option. This location is the #1 LA Fitness in the state of Illinois according to Placer Ai foot traffic in the trailing 12 months. The property is ideally positioned in the affluent Chicago suburb of Westmont at the high-traffic intersection of W 63rd Street and Cass Avenue, seeing a combined 52,100 vehicles per day.

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Investment Highlights

  • Long Term Lease | Recent Construction
  • Top Performing Location
  • Robust Retail Corridor
  • Moody’s Upgrades Fitness International’s CFR To B3 – 6/29/2022
  • Excellent Demographics

Investment Overview

Deal Points
Price
$16,641,481
Cap Rate
6.75%
NOI
$1,123,300
GLA
47,000 SF
Lot Size
3.29 AC
Year Built
2020
Lease Type
NNN
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100 W 63rd StWestmont, IL 60559
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Listing provided by Revere CRE