Shopping Regional
LA Fitness Anchored Retail Center - Mundelein
1555 S Lake St, Mundelein, IL 60060
Listing Price: $14,838,000
Investment Overview
This regional shopping center is anchored by LA Fitness and features a 9.86-year weighted average lease term (WALT). Most tenants operate under long-term net leases, providing stable, predictable income. LA Fitness signed a 16-year lease in 2023, while Kids Empire and The Dog Stop each signed 10-year leases in 2024 and 2023, respectively. All leases include renewal options and scheduled rental increases.
The property is part of Townline Square Shopping Center, which draws over two million annual visitors. LA Fitness is the most visited location for the brand within a 15-mile radius, outperforming nine other sites.
Strategically positioned at a signalized intersection with traffic counts exceeding 60,000 vehicles per day, the site offers exceptional visibility and access. The center benefits from strong retail synergy and is located just minutes from the $250 million redevelopment of Hawthorn Mall. It sits within an affluent trade area, where the average household income reaches $173,240 within a five-mile radius.
LA Fitness Anchored Retail Center - Mundelein
Investment Highlights
- LA Fitness Anchored Retail Center with Long-Term Leases | 9.86-year WALT
- All Tenants Operate Under a Net Lease with Scheduled Rental Increases In-Place
- Located at the Signalized Intersection of S Lake Street and W Townline Road, Which sees a Combined Traffic Volume of 62,100 Vehicles per Day
- Positioned within Townline Square Shopping Center, which Attracts Two Million Annual Visitors | Shadow Anchored by Jewel-Osco
- 2.1 Miles from Hawthorn Mall which Attracts 2.8 Million Annual Visitors | Hawthorn Mall is Undergoing a $250 Million Redevelopment to Transform into a Premier Luxury Mixed-Use Destination
- Average Household Income of $173,240 within a Five-Mile Radius
Listing Price: $14,838,000
Investment Highlights
- LA Fitness Anchored Retail Center with Long-Term Leases | 9.86-year WALT
- All Tenants Operate Under a Net Lease with Scheduled Rental Increases In-Place
- Located at the Signalized Intersection of S Lake Street and W Townline Road, Which sees a Combined Traffic Volume of 62,100 Vehicles per Day
- Positioned within Townline Square Shopping Center, which Attracts Two Million Annual Visitors | Shadow Anchored by Jewel-Osco
- 2.1 Miles from Hawthorn Mall which Attracts 2.8 Million Annual Visitors | Hawthorn Mall is Undergoing a $250 Million Redevelopment to Transform into a Premier Luxury Mixed-Use Destination
- Average Household Income of $173,240 within a Five-Mile Radius
Investment Overview
This regional shopping center is anchored by LA Fitness and features a 9.86-year weighted average lease term (WALT). Most tenants operate under long-term net leases, providing stable, predictable income. LA Fitness signed a 16-year lease in 2023, while Kids Empire and The Dog Stop each signed 10-year leases in 2024 and 2023, respectively. All leases include renewal options and scheduled rental increases. The property is part of Townline Square Shopping Center, which draws over two million annual visitors. LA Fitness is the most visited location for the brand within a 15-mile radius, outperforming nine other sites. Strategically positioned at a signalized intersection with traffic counts exceeding 60,000 vehicles per day, the site offers exceptional visibility and access. The center benefits from strong retail synergy and is located just minutes from the $250 million redevelopment of Hawthorn Mall. It sits within an affluent trade area, where the average household income reaches $173,240 within a five-mile radius.
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