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Fitness Center

LA Fitness Signature Club | #1 Club in IL (placer.ai) | 10+ Yrs of Term | Westmont, IL

100 63rd St, Westmont, IL 60559

Listing Price: $17,043,000

Cap Rate
7.25%
Tenant Name
LA Fitness
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
47,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.29

Investment Overview

Marcus & Millichap is pleased to bring to market a 47,000 square-foot LA Fitness Signature Club located in Westmont, IL. Completed in 2020 as a build-to-suit prototype facility, the property offers investors secure, long-term income with approximately 10.5 years remaining on the initial lease term and includes 10% rent increases every five years and at each of the three five-year renewal options. This location ranks as the #1 LA Fitness in Illinois and is in the top 2% of all U.S. fitness centers for foot traffic over the trailing 12 months, according to Placer.ai. The property is strategically positioned at the high-traffic intersection of W 63rd Street and Cass Avenue, which sees a combined 52,100 vehicles per day, in the affluent Chicago suburb of Westmont.

Investment Highlights

  • Corporate-Backed Security
  • Top Performing Location
  • Build-to-Suite Signature Club
  • Excellent Retail Synergy

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Fitness Center

LA Fitness Signature Club | #1 Club in IL (placer.ai) | 10+ Yrs of Term | Westmont, IL

Listing Price: $17,043,000

Cap Rate
7.25%
Tenant Name
LA Fitness
Years Remaining On Lease
10.6
Guarantor
Corporate Guarantee
Rentable SF
47,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.29

Investment Highlights

  • Corporate-Backed Security
  • Top Performing Location
  • Build-to-Suite Signature Club
  • Excellent Retail Synergy

Investment Overview

Marcus & Millichap is pleased to bring to market a 47,000 square-foot LA Fitness Signature Club located in Westmont, IL. Completed in 2020 as a build-to-suit prototype facility, the property offers investors secure, long-term income with approximately 10.5 years remaining on the initial lease term and includes 10% rent increases every five years and at each of the three five-year renewal options. This location ranks as the #1 LA Fitness in Illinois and is in the top 2% of all U.S. fitness centers for foot traffic over the trailing 12 months, according to Placer.ai. The property is strategically positioned at the high-traffic intersection of W 63rd Street and Cass Avenue, which sees a combined 52,100 vehicles per day, in the affluent Chicago suburb of Westmont.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    Senior Vice President/Regional Manager

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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