LA Fitness Signature Club | #1 Club in IL (placer.ai) | 10+ Yrs of Term | 7.25% Cap Rate | 2020 Prototype Construction
$17,043,000
100 West 63rd Street, Westmont, IL 60559
7.25
Cap Rate
1,235,630
NOI
Details:
Highlights:
- Corporate-Backed Security
- Top Performing Location
- Build-to-Suite Signature Club
- Excellent Retail Synergy
Description:
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.
Documents:
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LA_Fitness__Westmont__IL_OM.pdf
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Location
Gallery
