Fitness Center
Planet Fitness
590 E Golf Rd, Schaumburg, IL 60173
Listing Price: $5,275,000
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.
Planet Fitness
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
Listing Price: $5,275,000
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
