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Fitness Center

VASA Fitness | New 15 Yr Lease | Target Shadow Anchor

501 S County Farm Rd, Wheaton, IL 60187

Listing Price: $13,641,931

Cap Rate
7.25%
Tenant Name
Vasa Fitness
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
65,936
Lease Type
Double Net
Rent Per Square Feet
$15.00

Investment Overview

Marcus and Millichap is please to bring to market a brand new 65,936 square foot VASA Fitness located in Wheaton, IL, expected to be completed in late 2023. This VASA Fitness has a new 15-year lease with (3) 5 Year options for renewal. The large state-of-the-art facility will offer substantial space for equipment and cardio areas, group and specialty classes, indoor heated lap pool, saunas, basketball courts, recovery areas and full-service locker rooms. VASA Fitness is a leader in the high-value low price (HVLP 2.0) market which is the fastest-growing segment in the industry.

This property is ideally positioned in the highly affluent DuPage County, the second-most-populous county in Illinois. The surrounding 3-mile area has 73,600 residents with an average household income of $139,707. This VASA Fitness location is shadow anchored by Target and Kohl’s and is located less than 30 minutes from downtown Chicago.

Investment Highlights

  • Brand New 15 Year Lease
  • Affluent Demographics
  • DuPage County Real Estate Taxes
  • Easy Access-to-and-from Chicago
  • High-Value Low Price Leader

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

VASA Fitness | New 15 Yr Lease | Target Shadow Anchor

Listing Price: $13,641,931

Cap Rate
7.25%
Tenant Name
Vasa Fitness
Years Remaining On Lease
15.1
Guarantor
Corporate Guarantee
Rentable SF
65,936
Lease Type
Double Net
Rent Per Square Feet
$15.00

Investment Highlights

  • Brand New 15 Year Lease
  • Affluent Demographics
  • DuPage County Real Estate Taxes
  • Easy Access-to-and-from Chicago
  • High-Value Low Price Leader

Investment Overview

Marcus and Millichap is please to bring to market a brand new 65,936 square foot VASA Fitness located in Wheaton, IL, expected to be completed in late 2023. This VASA Fitness has a new 15-year lease with (3) 5 Year options for renewal. The large state-of-the-art facility will offer substantial space for equipment and cardio areas, group and specialty classes, indoor heated lap pool, saunas, basketball courts, recovery areas and full-service locker rooms. VASA Fitness is a leader in the high-value low price (HVLP 2.0) market which is the fastest-growing segment in the industry. This property is ideally positioned in the highly affluent DuPage County, the second-most-populous county in Illinois. The surrounding 3-mile area has 73,600 residents with an average household income of $139,707. This VASA Fitness location is shadow anchored by Target and Kohl’s and is located less than 30 minutes from downtown Chicago.

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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