Skip to main content

Fitness Center

Planet Fitness

590 E Golf Rd, Schaumburg, IL 60173

Listing Price: $5,275,000

Cap Rate
7.30%
Tenant Name
Planet Fitness
Years Remaining On Lease
8.4
Guarantor
Franchisee Guarantee
Rentable SF
22,988
Lease Type
Double Net
Rent Per Square Feet
$16.75

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a recently-renovated 22,988 square-foot building (the Property) located at 590 E. Golf Road in Schaumburg, Illinois, approximately 30 miles from downtown Chicago. This Property is currently occupied by Planet Fitness and guaranteed by an established operator with over 80 other Planet Fitness locations nationwide. The tenant has 8.5 years remaining on the double net lease, with significant rent increases in the firm term and in the two 5-year renewal options to offset inflation. The Property is located on a large 1.90-acre corner lot within the Woodfield Plaza shopping center on East Golf Road, with visibility to over 43,100 vehicles per day. Nearby retail tenants include David’s Bridal, Picture People, T-Mobile, Kohl’s, Bahama Breeze and Portillo’s, among others.

Investment Highlights

  • 8.5 Years of Term Remaining | 10% Rental Increases Every Five Years
  • 80+ Location Franchisee | Parent Entity Guarantee of Lease
  • Double Net Lease with Minimal Landlord Responsibilities
  • Hard Corner Pad Site | 1.9 Acres Directly on Golf Road (43k VPD)
  • 30 Miles from Downtown Chicago | 1.5 Miles West of Simon's Woodfield Mall
  • Outstanding Three-Mile Suburban Demographics | 88k Population and $111k Average Household Income

Exclusively Listed By

Financing By

Fitness Center

Planet Fitness

Listing Price: $5,275,000

Cap Rate
7.30%
Tenant Name
Planet Fitness
Years Remaining On Lease
8.4
Guarantor
Franchisee Guarantee
Rentable SF
22,988
Lease Type
Double Net
Rent Per Square Feet
$16.75

Investment Highlights

  • 8.5 Years of Term Remaining | 10% Rental Increases Every Five Years
  • 80+ Location Franchisee | Parent Entity Guarantee of Lease
  • Double Net Lease with Minimal Landlord Responsibilities
  • Hard Corner Pad Site | 1.9 Acres Directly on Golf Road (43k VPD)
  • 30 Miles from Downtown Chicago | 1.5 Miles West of Simon's Woodfield Mall
  • Outstanding Three-Mile Suburban Demographics | 88k Population and $111k Average Household Income

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a recently-renovated 22,988 square-foot building (the Property) located at 590 E. Golf Road in Schaumburg, Illinois, approximately 30 miles from downtown Chicago. This Property is currently occupied by Planet Fitness and guaranteed by an established operator with over 80 other Planet Fitness locations nationwide. The tenant has 8.5 years remaining on the double net lease, with significant rent increases in the firm term and in the two 5-year renewal options to offset inflation. The Property is located on a large 1.90-acre corner lot within the Woodfield Plaza shopping center on East Golf Road, with visibility to over 43,100 vehicles per day. Nearby retail tenants include David’s Bridal, Picture People, T-Mobile, Kohl’s, Bahama Breeze and Portillo’s, among others.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower