Fitness Center
LA Fitness | 20 Year Lease | 2023 New Construction | 37,000 SF Prototype | Chicago MSA
6791 Dempster St, Morton Grove, IL 60053
Listing Price: $15,010,569
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.
Investment Highlights
- Brand New Construction, Corporate Long Term Lease
- Modern Shopping, Dining & Entertainment Lifestyle Center
- Captive Audience for New , State-of-the-Art Health Club
- Strong Daytime Population & Compelling Demographics
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By
Fitness Center
LA Fitness | 20 Year Lease | 2023 New Construction | 37,000 SF Prototype | Chicago MSA
Listing Price: $15,010,569
Investment Highlights
- Brand New Construction, Corporate Long Term Lease
- Modern Shopping, Dining & Entertainment Lifestyle Center
- Captive Audience for New , State-of-the-Art Health Club
- Strong Daytime Population & Compelling Demographics
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.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
First Vice President / Regional Manager / Designated Managing Broker
Financing By

