Investment Overview

The NNN Fitness group is pleased to present this rare opportunity to acquire a brand new construction, trophy LA Fitness located in Morton Grove, IL. With a hard rent commencement date of Jan 1st, 2023, the purchaser will benefit from a brand new 20 year lease with structured increases every 5 years with Fitness International, LLC (Corporate signature). LA Fitness previously operated at this site prior to the 27 Acre Sawmill Station redevelopment providing a built-in membership base for immediate success. This 37,000 SF prototype for LA Fitness will feature high-end amenities such as state-of-the-art equipment, group fitness classes, indoor cycling, a spa, and an indoor pool. The property is located in the Sawmill Station development, a new and modern shopping, dining and entertainment experience for Morton Grove residents. Named after the area’s historic Miller’s Mill, the 27-acre redevelopment project is ideally located along the highly visible and easily accessible corner of Dempster Street and Waukegan Road and has become the new hub of Morton Grove. The development features an unmatched mix of experiences attracts residents to this long-awaited neighborhood gathering place that includes Kohls, Amazon Fresh, LA Fitness, Coopers Hawk Winery and Restaurant, Ross, Starbucks, and more. LA Fitness benefits from a dense 3-mile population of 149,188 residents with an average household income of $113,592 per year.