LA Fitness | Absolute Net Lease | $4M | 7.50% Cap Rate | 9+ Years of Term | Lowest Price Point LAF in Country

Highlights:

• Secure Long-Term Absolute Net Lease
• Growth Market Fundamentals
• Catalyst Redevelopment Nearby
• Strategic Location in South Suburbs

Description:

The NNN Fitness Group of Marcus & Millichap is pleased to present this exclusive opportunity to acquire an LA Fitness located in Matteson, Illinois, a high-traffic south suburban Chicago market. The 23,803 SF facility sits on a 2.20-acre parcel and is secured by an Absolute Net lease with Fitness International, LLC, generating $300,000 in annual NOI. The lease runs through December 2034 with three 5-year renewal options featuring 15% rent increases at each option, offering long-term, passive income with zero landlord responsibilities.

The property is strategically positioned with direct access to I-57 (79,500+ VPD) and strong visibility along Cicero Avenue (21,000+ VPD), totaling 130,000+ vehicles per day nearby. Located just 30 minutes from downtown Chicago, the asset benefits from proximity to the planned Market Square Crossing redevelopment, a 50-acre mixed-use project expected to drive increased traffic and long-term value. Offered at $4,000,000 with a 7.50% cap rate, this investment represents a secure, high-credit opportunity in the 9.6 million-person Chicago MSA.

Documents: