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Fitness Center

LA Fitness Signature Club | #1 LAF in IL (Placer Ai) | 12.75 Yr Lease Term | Chicago MSA

100 W 63rd St, Westmont, IL 60559

Listing Price: $16,641,481

Cap Rate
6.75%
Tenant Name
LA Fitness
Years Remaining On Lease
12.7
Guarantor
Corporate Guarantee
Rentable SF
47,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.90

Investment Overview

Marcus and Millichap is pleased to bring to market a 47,000 square-foot LA Fitness located in Westmont, IL. The LA Fitness Signature Club was completed in 2020 and offers investors a secure long-term income stream featuring approximately 12.75 years remaining on the initial lease term with minimal LL responsibilities and 10% increases every five years and at each renewal option. This location is the #1 LA Fitness in the state of Illinois according to Placer Ai foot traffic in the trailing 12 months. The property is ideally positioned in the affluent Chicago suburb of Westmont at the high-traffic intersection of W 63rd Street and Cass Avenue, seeing a combined 52,100 vehicles per day.

Investment Highlights

  • Long Term Lease | Recent Construction
  • Top Performing Location
  • Robust Retail Corridor
  • Moody's Upgrades Fitness International's CFR
  • Exellent Demographics

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Financing By

Fitness Center

LA Fitness Signature Club | #1 LAF in IL (Placer Ai) | 12.75 Yr Lease Term | Chicago MSA

Listing Price: $16,641,481

Cap Rate
6.75%
Tenant Name
LA Fitness
Years Remaining On Lease
12.7
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
  • Exellent Demographics

Investment Overview

Marcus and Millichap is pleased to bring to market a 47,000 square-foot LA Fitness located in Westmont, IL. The LA Fitness Signature Club was completed in 2020 and offers investors a secure long-term income stream featuring approximately 12.75 years remaining on the initial lease term with minimal LL responsibilities and 10% increases every five years and at each renewal option. This location is the #1 LA Fitness in the state of Illinois according to Placer Ai foot traffic in the trailing 12 months. The property is ideally positioned in the affluent Chicago suburb of Westmont at the high-traffic intersection of W 63rd Street and Cass Avenue, seeing a combined 52,100 vehicles per day.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

Financing By

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