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Fitness Center

Edge Fitness | New 15-Yr Lease | Chicago MSA | $109K AVG HHI | Extensive Renovations

800 Cog Cir, Crystal Lake, IL 60014

Listing Price: $8,961,319

Cap Rate
6.75%
Tenant Name
Edge Fitness
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
52,599
Lease Type
Double Net
Rent Per Square Feet
$11.50

Investment Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase an Edge Fitness Club located in Crystal Lake, Illinois. This Edge Fitness Club is the first location in McHenry County and the 3rd in Illinois, with 40 locations nationwide and growing. The site recently went through extensive renovations that were completed in 2021, prior to Edge Fitness opening in early 2022. Edge Fitness has over 14 years remaining on the lease term with structured increases. The 52,599 square foot fitness facility at 800 Cog Circle features cardio and strength training equipment, indoor turf, yoga and spinning classes, and a variety of other gym amenities. The property sits as the primary entry way into the Crystal Lake market at the corner of Highway 31 and Highway 14 with a combined VPD of 60,000 at the intersection. Edge Fitness is a part of Menard's-anchored shopping center and includes national retailers such as Chick-fil-A, Noodles & Company, Texas Roadhouse, Chipotle, and Regal Cinema. Nearby there are numerous other prominent retailers such as Sam’s Club, Best Buy, Jewel-Osco, Home Depot, Target, Costco, and many others.

Investment Highlights

  • Recent Renovations + Long Term Lease
  • Outstanding Location & Accessibility
  • Robust Retail Corridor
  • Strong Surrounding Demographics

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Fitness Center

Edge Fitness | New 15-Yr Lease | Chicago MSA | $109K AVG HHI | Extensive Renovations

Listing Price: $8,961,319

Cap Rate
6.75%
Tenant Name
Edge Fitness
Years Remaining On Lease
14.7
Guarantor
Corporate Guarantee
Rentable SF
52,599
Lease Type
Double Net
Rent Per Square Feet
$11.50

Investment Highlights

  • Recent Renovations + Long Term Lease
  • Outstanding Location & Accessibility
  • Robust Retail Corridor
  • Strong Surrounding Demographics

Investment Overview

The NNN Fitness Group of Marcus & Millichap is pleased to present this rare opportunity to purchase an Edge Fitness Club located in Crystal Lake, Illinois. This Edge Fitness Club is the first location in McHenry County and the 3rd in Illinois, with 40 locations nationwide and growing. The site recently went through extensive renovations that were completed in 2021, prior to Edge Fitness opening in early 2022. Edge Fitness has over 14 years remaining on the lease term with structured increases. The 52,599 square foot fitness facility at 800 Cog Circle features cardio and strength training equipment, indoor turf, yoga and spinning classes, and a variety of other gym amenities. The property sits as the primary entry way into the Crystal Lake market at the corner of Highway 31 and Highway 14 with a combined VPD of 60,000 at the intersection. Edge Fitness is a part of Menard's-anchored shopping center and includes national retailers such as Chick-fil-A, Noodles & Company, Texas Roadhouse, Chipotle, and Regal Cinema. Nearby there are numerous other prominent retailers such as Sam’s Club, Best Buy, Jewel-Osco, Home Depot, Target, Costco, and many others.

Exclusively Listed By

  • Mark Thiel

    Senior Managing Director Investments

    (858) 373-3206

    Email Mark

    License(s): CA: 01469342

    San Diego

  • Jake M. Bordelon

    Senior Associate

    Email Jake

    License(s): CA: 02048307

    San Diego

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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