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Fitness Center

LA Fitness | 13.5 Yrs Lease Term Remaining | Chicago, IL MSA | $132,363 5-Mile AHI

100 W 63rd St, Westmont, IL 60559

Listing Price: $17,281,539

Cap Rate
6.50%
Tenant Name
LA Fitness
Years Remaining On Lease
13.1
Guarantor
Corporate Guarantee
Rentable SF
47,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.90

Investment Overview

Marcus & Millichap is pleased to offer the 2020 new construction 47,000 square-foot LA Fitness located in Westmont, IL. The property is ideally positioned in the affluent Chicago suburb of Westmont at the high-traffic intersection of 63rd Street and Cass Avenue, seeing 52,100 vehicles per day and offers investors a near bulletproof income stream featuring 13.5 years remaining on the initial lease term.

Investment Highlights

  • Long Term Lease | Recent Construction
  • Top Performing Location
  • Robust Retail Corridor
  • Moody's Upgrades Fitness International's CFR TO B3 - 6/29/2022
  • Excellent 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

LA Fitness | 13.5 Yrs Lease Term Remaining | Chicago, IL MSA | $132,363 5-Mile AHI

Listing Price: $17,281,539

Cap Rate
6.50%
Tenant Name
LA Fitness
Years Remaining On Lease
13.1
Guarantor
Corporate Guarantee
Rentable SF
47,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.90

Investment Highlights

  • Long Term Lease | Recent Construction
  • Top Performing Location
  • Robust Retail Corridor
  • Moody's Upgrades Fitness International's CFR TO B3 - 6/29/2022
  • Excellent Demographics

Investment Overview

Marcus & Millichap is pleased to offer the 2020 new construction 47,000 square-foot LA Fitness located in Westmont, IL. The property is ideally positioned in the affluent Chicago suburb of Westmont at the high-traffic intersection of 63rd Street and Cass Avenue, seeing 52,100 vehicles per day and offers investors a near bulletproof income stream featuring 13.5 years remaining on the initial lease term.

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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